Israel and Customs Union to form free trade zone
Israel and the Customs Union have formed a working group to study the formation of a free trade zone. The group consists of experts of the Eurasian Economic Commission, ministries and agencies of the Customs Union and Israel, ITAR-TASS reports.
Trade Minister of the Eurasian Economic Commission Andrey Slepnev said that the group will make a scrupulous study and determine the sectors the free trade zone will cover and regulation.
Besides reduction of custom fees, free trade agreements offer beneficial service trade, protection and promotion of investments.