UK maintained trade deal with Israel despite impact assessment

LONDON: The UK considered pausing its trade agreement with Israel last year but elected to continue the deal, Sky News reported on Thursday. The Department for Business and Trade undertook an impact assessment last August on suspending the 2019 UK-Israel Trade Partnership Agreement, a post-Brexit continuity deal that grants preferential tax treatment to Israeli imports, allowing most of them to enter Britain without being subject to tariffs. Impact assessments on trade policy are frequently undertaken. They explore the economic and social effects of proposed changes.

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