Netanyahu: ‘What’s Good for Europe is Good for Israel’: Law Approved to Open Israeli Market to European Products

“This is the exact opposite of what we have now in which everything is prohibited except that which is permitted. From now on everything will be permitted except that which is prohibited,” Prime Minister Netanyahu says.

By Ben Rappaport, United with Israel

Israeli Prime Minister Benjamin Netanyahu last week chaired the sixth meeting of the ministerial committee on the fight against the cost of living, during which he ordered the submission within a month of a memorandum on draft legislation to open the Israeli market to products marketed in Europe.

The law, proposed by Economy Minister Nir Barkat and promoted by Finance Minister Bezalel Smotrich, aims to fully open the Israeli market to products sold in Europe, with exceptions approved by the Regulation Authority.

“We are taking rapid steps toward opening the Israeli market to all European products,” the prime minister said during the meeting. “What is good in Europe is good in Israel.”

“The decision that we just made in the ministerial committee on the cost of living is that by the opening of the Knesset session on 15 October, we will submit a memorandum on draft legislation to open the Israeli market to all European products. There will be exceptions but everything other than the exceptions will be permitted,” he continued.

“This is the exact opposite of what we have now in which everything is prohibited except that which is permitted. From now on everything will be permitted except that which is prohibited.”

“This is a major change. This is a revolution. I would like to thank the ministers who have been working on this as well as their teams that have been assisting with this revolutionary change,” Netanyahu concluded.

Barkat said the idea of the law was to “make history,” and that the law “opens the gates to tens of thousands of products,” according to Israel Hayom.

“This bypasses all the barriers at the Standards Institute,” Barkat added. “With the new law, every importer will be able to bring in any product that complies with European regulation.”

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