Israel abolishes some dairy import quotas

Published 2021년 12월 7일

Tridge summary

Israel has eliminated import quotas for a series of dairy products, including sour cream and low-fat cheese (up to 5%), in an effort to lower dairy product prices for consumers. This decision, made in collaboration by the Ministry of Finance and the Ministry of Agriculture and Rural Development, will allow free import of these products from European countries, resulting in a significant reduction in the cost of yogurt in Israel. The government estimates a 25% drop in the price of imported cheese and a 10 NIS/kg decrease in cheese prices for consumers. This move is in line with OECD recommendations and is expected to reduce the high cost of living in Israel by promoting competition. The Ministry of Industry and Trade suggests that this could be a good opportunity for Vietnamese businesses to promote exports of these dairy products to Israel.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to information from the Ministry of Industry and Trade, in early December 2021, the Ministry of Finance and the Ministry of Agriculture and Rural Development of Israel agreed to abolish import quotas for a wide range of dairy products, including dairy products. sour cream, low-fat cheese (up to 5%) and dairy products. Import quotas for certain hard cheeses have been increased. Specifically, the Israel Ministry of Finance and the Ministry of Agriculture and Rural Development have relaxed the quotas in the hope that the measure will reduce the price of dairy products for Israeli consumers. The move will allow the market to open to the free import of these products from European countries, which will reduce the average price per kilogram of yogurt consumed in Israel to NIS 8.5. /kg compared to 17 NIS/kg before. A week earlier, Israel's Ministry of Finance and the Ministry of Agriculture and Rural Development also proposed the removal of price controls on dairy products as ...
Source: CafeF

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