U.K. to Sign Post-Brexit Trade Continuity Accord With Israel
U.K. to Sign Post-Brexit Trade Continuity Accord With Israel
(Bloomberg) -- The U.K. and Israel will sign an agreement Monday meant to ensure continuity in trade relations after Britain leaves the European Union.
Secretary of State for International Trade Liam Fox and Israel’s Economy and Industry Minister Eli Cohen will sign the accord in Tel Aviv, the British Embassy in Israel and the ministry said in separate announcements.
The U.K. is Israel’s biggest trade partner in Europe. Bilateral commerce reached $11 billion in 2018, a 15 percent increase over the previous year.
The U.K. reached a similar agreement with Switzerland last week, allowing it to continue trade without any additional tariffs.
To contact the reporter on this story: Alisa Odenheimer in Jerusalem at aodenheimer@bloomberg.net
To contact the editors responsible for this story: Shaji Mathew at shajimathew@bloomberg.net, Amy Teibel, Mark Williams
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