(9 months, 1 week ago)
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The Minister for Trade Policy (Greg Hands)
The fourth round of United Kingdom-Israel Free Trade Agreement (FTA) negotiations took place virtually between 19 and 29 February 2024.
During this round, officials held technical text-based discussions across 12 policy areas in 26 sessions. The negotiations focused particularly on services, which are not covered by our existing agreement, and important given the UK is the world’s second largest exporter of services.
These negotiations reflect our shared commitment to working towards a comprehensive deal and strengthen our existing trade relationship, worth £6.4 billion in Q3 of 2023. A cutting-edge agreement with provisions covering services, innovation and digital trade would complement both our economies.
A fifth round of negotiations will take place in due course.
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 deal we sign, including with Israel, will be in the best interests of the British people and the United Kingdom 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 work closely with Israel and will keep Parliament updated as these negotiations progress.
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