💨 Abstract

Israel has cancelled all customs duties on products from the US, its largest trading partner, under the directive of Prime Minister Benjamin Netanyahu. The move is aimed at expanding the US-Israel trade agreement, strengthening bilateral strategic relations, and potentially reducing the cost of living for Israeli consumers through an increase in food and agricultural imports from the US. This decision follows the approval of the Knesset Finance Committee and the Economy and Industry Minister's signature on the order.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖