Trade Agreements: Israel

Department for International Trade written question – answered on 14th November 2022.

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Photo of Tan Dhesi Tan Dhesi Shadow Minister (Transport)

To ask the Secretary of State for International Trade, what assessment she has made of the potential impact of a free trade agreement between the UK and Israel.

Photo of Nigel Huddleston Nigel Huddleston Government Whip, Lord Commissioner of HM Treasury, Parliamentary Under-Secretary (Department for International Trade)

An enhanced agreement would expand a trading relationship already worth £5 billion per year. By reducing trade barriers, it could lead to gains in services trade and could benefit around 6,600 UK businesses that export goods to Israel and employed over 1.7 million people in 2020, including around 5,600 small and medium-sized enterprises. Israel’s service sector has grown by 45% in 10 years and is an innovative and dynamic market for boosting UK service exports.

Our published scoping analysis, which contains potential impacts of a new free trade agreement is available here: https://www.gov.uk/government/publications/uk-approach-to-negotiating-a-free-trade-agreement-with-israel.

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