Ukraine and Israel expect to finalize the remaining details and sign off on a free trade deal by the end of 2018, officials confirmed in late October. Talks have been underway since 2013 and all aspects of the agreement are now virtually complete. The FTA will remove tariffs on a wide range of Ukrainian exports to Israel including agricultural products.
Israel would be the forty-sixth country to establish a free trade agreement with Ukraine. Bilateral trade between the two countries in 2017 stood at USD 772.5 million, with Ukrainian exports accounting for USD 604.6 million of this total. Talks are also underway for FTAs with Turkey and Serbia.