It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Israel's Trade Minister Ehud Olmert lauded the accord, saying it would ward off "a major threat to the continued export of Israeli products to the 25 countries of the European Union," according to a statement released by the ministry.
Israeli authorities had resisted compliance with rules on country-of-origin tags fearing tariffs on products made in the settlements in the West Bank, Gaza Strip, Golan Heights and east Jerusalem, all of which are considered occupied territories by the international community.
Under the terms of an existing trade agreement with the EU, goods labelled "made in Israel" get preferential treatment from EU customs authorities, with many escaping import duties altogether.
The EU has argued that only products which originate from within the internationally recognised borders of Israel are entitled to such a tax break.
Israel's exports to the EU total some 17.5 billion dollars, while those from the settlements total about 100,000 dollars.
Originally posted by Mynaeris
And why does Israel not have to pay import duties? Other third world countries with greater need find import duties totally prohibitive to them entering the market. In other third world country they have to pay people below living wages in order to be competitive.