In 2024, Israel's trade landscape was notably impacted when the United Kingdom announced the suspension of free trade negotiations due to Israel's military actions in Gaza and the expansion of illegal settlements in the West Bank. Foreign Secretary David Lammy emphasized that the UK could not proceed with discussions amidst what he termed as egregious policies. This decision follows similar threats from Canada and France. The EU is reevaluating its trade agreement with Israel, indicating rising international concern regarding Israel's conduct in the ongoing conflict.
In 2024, Israel faced significant trade disruptions as the UK suspended free trade negotiations due to its military actions in Gaza and settlement expansions.
UK Foreign Secretary David Lammy condemned Israel's policies, asserting that the UK could not continue trade talks with a government pursuing egregious actions.
The EU is also re-evaluating its trade relationship with Israel, highlighting growing international pressure amid the ongoing conflict in Gaza.
Trade statistics reveal that the UK is among Israel's significant trade partners, with notable imports and exports primarily in machinery, pharmaceuticals, and diamonds.
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