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UK and Palestine Strengthen Trade Ties with New Agreement

The UK and Palestine have taken a significant step in strengthening their trade relations with the signing of a new agreement on political, trade, and partnership cooperation. The accord came into effect on January 1st and aims to simplify trade between the two nations and maintain preferential access to the UK market for Palestinian exporters.

Building upon Previous Agreements

The agreement builds upon the Interim Association Agreement on Trade and Cooperation signed in 1997 and the Agreement on further liberalisation of agricultural products, processed agricultural products and fish and fishery products entered into force in 2012. It covers trade in goods, including rules of origin and tariffs, as well as limited areas of services, competition, and intellectual property.

Benefits for Palestinian Businesses

“This agreement is a major boost for Palestinian businesses, providing them with greater access to the UK market and helping to strengthen our bilateral trading relationship,” said [Name], British Consul General in Jerusalem. “We are committed to supporting Palestinian entrepreneurs and exporters, and this agreement will help them to increase their exports and grow their businesses.”

Preferential Tariff Treatment

The agreement also maintains preferential tariff treatment for Palestinian producers of fruit, nuts, and vegetable fats, including dates and olive oil. This will continue to benefit Palestinian farmers and processors, who have seen significant growth in recent years.

Cooperation Framework

In addition to the trade benefits, the agreement also provides a framework for cooperation on issues such as education, healthcare, and energy.

Key Facts

  • The agreement aims to simplify trade between the UK and Palestine.
  • It maintains preferential access to the UK market for Palestinian exporters.
  • It covers trade in goods, including rules of origin and tariffs, as well as limited areas of services, competition, and intellectual property.
  • It provides a framework for cooperation on issues such as education, healthcare, and energy.
  • The agreement will help to increase bilateral trade between the two countries.

Contact

For more information on the UK’s trade relationship with Palestine, please contact:

British Consulate General Jerusalem Trade Section 15 Ragheb Nashashibi Street Sheikh Jarrah Quarter 97200 Jerusalem PO Box 19690

Email: britain.jerusalem@fcdo.gov.uk Home: https://www.gov.uk/world/organisations/british-consulate-general-jerusalem Tel: +972-2-5414151