"The Ministry of Economy is developing initiatives contrary to the government's policy"

Posted on Oct 28, 2018 by Ifi Reporter - Dan Bielski

"It is regrettable that the Ministry of Economy is developing initiatives that are contrary to the government's policy of signing a free trade agreement with China," Uriel Lin, chairman of the union's economic forum, said at a meeting of the Economic Forum of the Federation of Israeli Chambers of Commerce.
While the prime minister, and rightly so, is interested in promoting the signing of a free trade agreement with China and also expressed this clearly in his meeting with Chinese Vice President Wang Qishian, the Ministry of Economy is working As opposed to polarizing and formulating a recommendation to raise the protective tariffs on a series of products originating mainly from the People's Republic of China. "
Lin stressed that there is no move that could lead to a reduction in the cost of living in Israel more than a free trade agreement with the People's Republic of China.
"The fact that the Ministry of Economy is formulating a recommendation that is contrary to the current economic policy in Israel, and instead of encouraging competition with the world, wants to return the protective tariffs, mainly to products imported from China, will be a message to the People's Republic that we are not really interested in a free trade agreement with this power."


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