UK Suspends Trade Talks with Israel Amid Gaza Famine and Bombardment
The UK has announced the suspension of trade agreement negotiations with Israel following the latter's actions in the Gaza Strip. The UK ranks as Israel's eighth-largest export market, with exported goods valued at $1.3 billion, and last year's trade volume reaching $7.7 billion. After Brexit, the UK signed a trade agreement with Israel, exempting most industrial products from tariffs on imports and exports, except for food and agricultural products. The current pause in trade talks comes at a time of global trade turmoil, putting considerable pressure on Israel.
