New S.Korea-Israel free trade agreement comes into effect

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New S.Korea-Israel free trade agreement comes into effect
Israel’s free-trade agreement with Korea is good news, as Korea is an important trading partner and a friend of Israel.
By LEON HARRIS
Published: DECEMBER 17, 2022

A new free-trade agreement between South Korea and Israel came into force in Israel under a Customs Tariff Order and Purchase Tax Exemptions for Goods published on December 5. The free-trade agreement is more than 500 pages and deals not only with customs-duty exemptions, but also rules of origin, customs procedures, trade remedies, dispute settlements, government procurements, investments, cross-border services, temporary of business persons, telecommunications, e-commerce, intellectual property, the environment, transparency, technical cooperation and more. In 2021, bilateral trade in goods and services totaled around $3.5 billion, about 35% more than in 2020. Of this, $1.5b. was exported by Israel, some 42% more than in 2020.

more............. https://www.jpost.com/business-and-innovation/article-725034
 
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