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Medvedev, Netanyahu Discuss Free Trade Zone Between Israel, Eurasian Economic Union

• By  Textile Excellence
• November 13, 2016

Russia and Israel are in serious discussions about the establishment of a free trade zone between Israel and the Eurasian Economic Union. Talks were recently held between Russia's Prime Minister Dmitry Medvedev and his Israeli counterpart Benjamin Netanyahu.

"It is important to come to a consolidated position as part of the Eurasian Union. Only one country should not hold such talks, we should do it while consulting other participants of the Eurasian Union. Such consultations will surely be held soon," Medvedev said. He added that Israeli partners are also ready to hold such consultations with other members of the Eurasian Economic Union

Signing an agreement on a free trade zone between Israel and the Eurasian Economic Union would bring trade turnover, investments and technological exchange between the countries to a new level, Medvedev said. "There are another forty agreements like this on the agenda, not all of them are in an advanced stage, some still exist only as an idea," he said. Medvedev said no final agreement on a meeting between the leaders of Palestine and Israel has been reached as of yet. "As of yet, no final agreement to organise such a meeting has been reached. Nevertheless, we believe it would be useful and our country is ready to offer its mediatory services when they are needed," he said. Medvedev states with regret that the Palestinian-Israeli settlement is at a "zero" stage.     

Textile Excellence