Font Size: A A A
Go to:
×
Voyage Search
General Shipping Search
Please select a port in Israel
Please select a port overseas
Exports from Israel
Imports to Israel
Tools & Calculators
Currencies
Update date: 21.10.2019
Currency Rate % Change
USD 3.533 -0.338
EUR 3.9325 +0.145
GBP 4.5627 +0.671
100 JPY 3.2512 -0.239
Currency calculator
Calculators
length area vol. weight
cm
m
km
inch
foot
yard
mile
Clear
square cm
square m
square km
square inch
square yard
square mile
Clear
cc
litre
cubic m
cubic inch
cubic yard
gallon
Clear
kg
short ton
long ton
lb
oz
Clear
Volume Weight Calculator
Ports' Workplan

Israel's Ministry of the Economy to cut dairy import duties

Duty cuts would apply to butter, milk, cream, and yogurt, up to 80%
02.03.14 / 09:58
Israel's Ministry of the Economy to cut dairy import duties
02.03.14
Israel's Ministry of the Economy to cut dairy import duties

Israel's Ministry of the Economy is due to announce new customs duties of just 20% on a range of dairy products, including butter in wholesale packages, condensed and regular milk and cream, buttermilk, and yogurt.

 

Minister of the Economy Naftali Bennett said that "We are continuing to open up the economy and bring down prices."

 

Currently, customs duties / levies on some dairy imports stands at over 100%, he noted. The reduced customs rates will have quotas, which Bennett says will help the small companies increase their grip in the import market and increase competition. 

 

The new measure implements a government decision to reform the local dairy market. The Ministry of the Economy said in a press release that this measure follows other steps taken lately to increase competition in the market and lower the cost of living. A spokesman for the ministry noted that at the instructions of Minister of the Economy, the ministry's Quotas Committee updated the criteria for allocating duty exemptions on powdered milk and butter imports to encourage competition in the dairy market. 

 

×