Israel to relax import rules

Israel to relax import rules

THE WHAT? Israel is set to lift certain controls placed on imports in a bid to cut prices, according to a report published by Reuters quoting a government official.

THE DETAILS The long-awaited reform, which comes into force on June 1, will see separate inspections for non-food goods that have already been rubber stamped in other countries scrapped. Further revisions to checks for cosmetics and personal care are expected next year.

THE WHY? It’s hope that the reforms will help lower the cost of living in the country. Ron Malka, Director General of Israel’s Economy and Industry Ministry, told Reuters, “We are going to see many more products and more importers, which will increase competition… and lower prices.”

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