(Reuters) Steven Scheer - Israel met a promise on Tuesday to label its exports to the EU by city of origin, ceding tariff advantages on exports from the West Bank and Gaza to boost its growing trade with the bloc. Under a deal reached last August, goods exported by Israel to the EU will be labeled with a town of origin as well as nationality. Customs authorities within the EU will now be able to charge duty on goods from settlements. In 2004, Israeli exports to Europe, many of them high-tech products, totaled a record $10 billion compared with $7.3 billion the previous year. Just 1%, or $120 million, of Israeli exports a year come from the territories, mostly agricultural products.
2005-02-02 00:00:00Full ArticleBACK Visit the Daily Alert Archive