2 months ago
The Times of Israel
Israel and Japan are advancing initial steps for the signing of a free trade agreement in a move which is expected to bring down tariffs and lower the prices of Japanese-made cars, toys and other imported goods. “This morning in Tokyo, we agreed to take a first step toward the signing of a free trade agreement between Israel and Japan, which means discounts for products and goods from Japan for the benefit of the Israeli market and increasing Israeli exports to Japan, the third-largest economy in the world,” said outgoing Prime Minister Yair Lapid. At the end of August, Israel and Japan signed an agreement for closer cooperation on defense technology and military equipment. “After a decade of negotiations, we are happy to begin the process of talks towards a trade agreement with Japan,” said Israel’s Ambassador to Japan Gilad Cohen. Israel has free trade agreements with the United Arab Emirates and is hoping to ink a similar trade agreement with Bahrain by the end of this year.
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