In the framework of the official visit of President of Ukraine Petro Poroshenko to the State of Israel, the Free Trade Agreement was signed between the Cabinet of Ministers of Ukraine and the Government of the State of Israel.
The signing ceremony took place after the bilateral meeting of the Head of State with Prime Minister of the State of Israel Benjamin Netanyahu.
The document was signed by the First Vice Prime Minister of Ukraine - Minister of Economic Development and Trade of Ukraine Stepan Kubiv and acting Minister of the Economy and Industry of the State of Israel Eli Cohen.
The purpose of the Agreement is to create the legal basis for the liberalization of the markets for industrial and agricultural products of the parties.
The Agreement will promote the development of bilateral trade and economic cooperation between the countries, allow domestic producers to benefit from the liberalization of the goods market of the State of Israel, open up opportunities for both expansion of markets and development and modernization of production of the Ukrainian business.