Israel and Ukraine signed a free trade agreement Monday.

Israel and Ukraine signed a free trade agreement Monday. The deal is expected to boost bilateral trade from the current level of $800 million to $1 billion in the early 2020s. Mostly beneficial for industry, the pact abolishes duties on 80% of Ukrainian industrial exports to Israel and on 70% of Israeli industrial exports to Ukraine. By contrast, Israel will cancel import duties for 9.2% of Ukraine’s agricultural products, and Ukraine will abolish import duties for 6.8% of Israel’s agricultural products.