politics

Israel announces first step toward free trade pact with Japan

5 Comments

Israel has agreed to open contacts with Japan aimed at reaching a free trade agreement that could lift bilateral trade valued at more than $3.5 billion, the Israeli foreign ministry said on Tuesday.

The first phase will be a meeting between representatives from the Israeli foreign and economy ministries with relevant Japanese officials, according to the statement.

Israeli exports to Japan were valued at $1.241 billion in 2021, the ministry said, an 8% increase from 2020. The statement noted a 10% increase in imports from Japan to Israel since last year, valued at $2.333 billion in 2021.

Israeli Prime Minister Yair Lapid hailed the move as a diplomatic achievement.

"This is a meaningful process that could lead to lower customs, cheaper sales of Japanese cars imported to Israel and an expansion of the Israeli goods exported to Japan," Israel's ambassador to Japan Gilad Cohen said in a statement.

© Thomson Reuters 2022.

©2022 GPlusMedia Inc.

5 Comments
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That's nice of Japan so play pretend trade with Isreal....

-4 ( +1 / -5 )

I am all for Hummus and Falafels and many Jewish and Palestinians plates, they are delicious.

what do not support or accept is the fact that Israeli products are produced on land that is under Occupation.

6 ( +8 / -2 )

Israel has agreed to open contacts with Japan aimed at reaching a free trade agreement that could lift bilateral trade valued at more than $3.5 billion, the Israeli foreign ministry said on Tuesday.

This aligns with Japan's current needs of gaining technology from Israel to be used for its defense.

Now if only we could end Palestinian Arab occupation of Israel's lands . . .

-2 ( +2 / -4 )

Avoid Israel like the plague! Israeli tech is as full of malware and spyware as anything from China. Their surveillance tech may be even more dangerous than that of China. Israel is only interested in themselves and will spy on their best friends if that is what they feel necessary, then belittle you for complaining about it!

0 ( +0 / -0 )

Good idea. Japan should boost exports as much as possible, and free trade is a good way to do it.

0 ( +0 / -0 )

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