Many communal leaders lauded the signing this week of the Colombia-Israel Free Trade Agreement. The agreement is now subject to ratification by both Colombian and Israeli parliament.The FTA is expected to benefit, in particular, the agricultural sector. When it takes effect early in 2014, some 97% of Colombian agricultural exports will have tariff-free access to the Israeli market. And, Israeli agricultural technology will no longer face tariffs when entering Colombia.

Colombian President Juan Manuel Santos tweeted: “We have concluded FTA negotiations with Israel. This means more investment and more employment.”

“As Israel continues to develop stronger ties internationally, it will greatly benefit the nation, and their partner nation in ventures. It’s the win-win scenario,” said Ron Hershco, an international entrepreneur.



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