(2 weeks, 2 days ago)
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The Minister for Trade Policy (Greg Hands)
The fifth round of negotiations on the UK-Israel free trade agreement ran from 8 to 17 April 2024.
This round of negotiations was hosted by the UK and conducted in a hybrid manner: a delegation of Israeli officials travelled to London for in-person discussions, with further officials attending virtually. During this round, officials held technical text-based discussions covering 27 policy areas across 63 sessions.
This round of negotiations discussed a range of policy areas, with a particular focus on services, which are not covered by our current agreement. Services comprise around 80% of both the UK and Israel’s economies but, because of our outdated trade agreement, services only make up just over one third of total trade between us. The trading relationship between the UK and Israel is valued at £6.4 billion as of September 2023, and there is significant room for growth. An upgraded trade deal will play to British strengths and unlock trade for our world-leading services and digital sectors.
The UK will maintain its long-standing foreign policy positions in this FTA, including with respect to the internationally recognised borders of Israel, and will continue to exclude illegal settlements to ensure nothing in this FTA undermines the viability of a two-state solution.
The Government remain clear that any deals we sign, including with Israel, will be in the best interests of the British people and the UK economy. We will not compromise on our high environmental and labour protections, public health, animal welfare and food standards, and we will maintain our right to regulate in the public interest. We are also clear that during these negotiations the NHS, and the services it provides, is not on the table.
The Government will continue to keep Parliament updated as these negotiations progress.
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