UK Launch negotiations with Israel on a new FTA

On Wednesday (20th July) the UK and Israel launched new negotiations to “upgrade” our trading relationship which are currently worth £5 billion.

It is hoped that a modern, revamped trade agreement will offer increased opportunity for businesses in the services and digital sector as the new deal will look to put “innovation at its heart”.

The current FTA with Israel, which was signed in 1995, contains no specific provisions on services which is seen as a major requirement as Israel is one of the fastest growing economies in the world. In the services sector alone, Israel has seen growth of more than 50% in the past 10 years.

For more information on the UK’s strategic approach to the negotiations, you can view the below document:

UK-Israel Free Trade Agreement: Strategic Approach (publishing.service.gov.uk)