The UK economy: a dashboard
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There will be a Westminster Hall debate on UK Israel trade negotiations on Thursday 20 January at 3:00pm
Commons Debate Pack CDP-2022-0013 (182 KB , PDF)
The UK has a Trade and Partnership Agreement (TPA) with Israel.[1] The agreement has been fully in force from 1 January 2021.
This free trade agreement is one of the UK’s trade continuity agreements – UK trade deals with countries, which had an agreement with the EU before 1 January 2021. With some modifications, these deals generally replicate the terms of EU trade agreements, which the UK enjoyed before leaving the EU.[2]
The UK-Israel TPA is based on a set of EU-Israel trade agreements.[3] The agreement covers areas such as trade in goods, customs tariffs and tariff rate quota, rules of origin, trade in services, intellectual property rights, government procurement, and conformity assessment of pharmaceuticals.[4]
The House of Lords European Union Committee 34th report, on the scrutiny of the UK’s international agreements, outlines the main differences brought in by the UK-Israel TPA.[5]
The Government has announced that it will seek to upgrade the UK’s trade and investment relationship with Israel.
[1] Trade and Partnership Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the State of Israel, CP 59, 18 February 2019
[2] UK trade continuity agreements are sometimes referred to as roll-over agreements. For an overview see GOV.UK guidance on UK trade agreements with non-EU countries.
[3] The UK-Israel TPA integrates the provisions of the EU-Israel Association Agreement, the EU-Israel Agreement on Procurement and the EU-Israel Agreement on Conformity assessment of industrial products. See HM Government, Explanatory memorandum: UK/Israel: Trade and Partnership Agreement, February 2019, p1
[4] Department for International Trade, Guidance Trade with Israel, accessed 18 January 2021
[5] HL European Union Committee, Scrutiny of international agreements. Treaties considered on 19 March 2019, 34th Report of Session 2017-19, HL Paper 321, 30 March 2019
Commons Debate Pack CDP-2022-0013 (182 KB , PDF)
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The Financial Assistance to Ukraine Bill will allow the government to contribute to the G7 loan agreement to Ukraine that was agreed in June 2024.
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