Klimkin tells when FTA with Israel to be signed

Ukrainian Foreign Minister Pavlo Klimkin says Ukraine and Israel may sign an agreement on a free trade area (FTA) in March-April 2018, according to the Canadian organization Ukrainian Jewish Encounter (UJE).

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"Such negotiations need time. Our negotiations with the European Union have lasted for seven years. The agreement with Israel is almost ready. I hope that in early 2018, all legal aspects will be specified and we will meet at a bilateral commission in March-April to put a decisive end to this subject. We need to work on developing bilateral trade and attracting Israeli investment," Klimkin told UJE.

According to the minister, both countries have great prospects for expanding bilateral cooperation, while Ukraine is willing to work with Israeli businesses.

Read alsoPM Groysman sees Ukraine as another start-up nationAs UNIAN reported, Ukrainian Prime Minister Volodymyr Groysman stated earlier that Ukraine was interested in completing the talks on Ukraine-Israel FTA agreement before the end of 2017.

Read alsoIsrael to deport illegal immigrants from among Ukrainians within weekAccording to the Economic Development Ministry, staples of Ukrainian exports to Israel are cereals (44.1%), ferrous metals (26.4%), and foodstuffs (9.8%), while Ukrainian major imports from Israel include petrochemical products (41.4%), chemical products (17.4%), as well as plastics and polymeric materials (7.1%).

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