Major progress towards Israel-Japan free trade agreement

Good news! Japan is lagging behind South Korea and China! 😊 As they say, history waits for no one to get it on.

"... Diplomatic sources estimate that in an optimistic scenario a first draft agreement could be presented by the second half of 2024 and signed in 2025. Sources says that the Japanese government's speeded up motivation to reach an agreement with Israel stems from last year's signing of an FTA between Israel and South Korea and an FTA between Israel and China, which is in advanced stages of negotiations prior to signing. The Japanese government is concerned that these agreements and the accompanying cancellation of customs duties could harm Israeli imports from Japan. ..."

Major progress towards Israel-Japan free trade agreement - Globes With an Israel-Korea free trade agreement signed last year and an Israel-China agreement near completion, Japan is concerned that exports to Israel will be hit.