The easing of barriers is designed to increase competition, bring down prices, and increase the range of products marketed in Israel, according to joint statement from the finance and economy ministries.
- Plan would reduce regulatory burden on importers by adapting Israeli regulation to standards prevailing in the U.S. and EU, and reducing the need to submit imports to laboratory tests
- Regulation on parallel imports will be eased
- Proposal will be included in the 2021-2022 budget package; plan will require cabinet approval and legislative changes
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