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Israel and South Korea Sign Free Trade Agreement

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Posted on: 
22 Aug 2019
Israel and South Korea Sign Free Trade Agreement
In a massive blow to the movement to Boycott, Divest and Sanction (BDS) Israel, Prime Minister Benjamin Netanyahu and Economy and Industry Minister Eli Cohen hosted Republic of Korea Trade Minister Yoo Myung-hee at the Prime Minister's Office in Jerusalem on Wednesday to finalize a free trade agreement between the two countries. Netanyahu opened his remarks by saying “We've had free trade agreements with other parts of the world with the United States, with Europe and elsewhere but this is the first free trade agreement we have with an Asian economy, and what an economy, a global leader, a vibrant, advanced economy.”

Here is the video of his remarks and those of Minister Yoo Myung-hee

Bilateral trade between Israel and South Korea was nearly $2.5 billion in 2018 and it is hoped that the new agreement will see that volume increase, creating jobs and lowering prices for consumers in both countries.

In his remarks, Cohen said; "The free trade agreement with South Korea is an historic agreement, the first to be signed with an East Asian country that is one of the leading economies in the world. It reflects – inter alia – the policy of the ministry to assist in diversifying exports and opening new markets for Israeli industry.”

IDF Jets Pound Terrorists in Hamas-ruled Gaza
The IDF spokesperson’s office announced on Thursday morning that the Air Force had struck positions in the Gaza Strip associated with terrorist organizations in response to separate rocket attacks into Israel emanating from the Hamas-ruled territory. The latest violence comes amidst a public outcry against Hamas by residents of the Strip following the death under suspicious circumstances of 38-year-old Tamer Fathi al-Sultan, a prominent critic of Hamas. He reportedly lost a short battle with cancer in a hospital in Bosnia and Herzegovina, where he was living in exile after fleeing the Strip earlier this year, although his family is questioning those reports.

“We learned about his death from posts on social media,” said his brother Saher. “Until this moment, we still don’t know the exact cause of death.” A statement by Fatah, Hamas’ rival in the Palestinian political arena to which al-Sultan belonged, added in their own statement that “He preferred to emigrate to the unknown to escape the oppression of the dark forces of Hamas.”

Chelsea Women Tour Jerusalem
Chelsea Women’s Football Club is in Israel this week to participate in a friendly match against Israel’s Football Association’s Women’s team as part of preparation for the upcoming season. On Monday, the team took a break from training to tour some of the sites, including Jerusalem’s Old City. "It was a wonderful day, for all the staff and players,” said Chelsea FC Manager Emma Hayes. “We had a really moving experience [today], which finished up with us writing private notes that we then placed in the Western Wall, as is the tradition. They were reminders of all the things we need in life, not want, and all the things that matter."


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