South Korea and Israel will sign a free trade agreement this week, marking the first such arrangement for Israel with an Asian market.
The deal is meant to cut out customs duties while offering safety nets on investments.
Under the pact, over 95 percent of Israeli exports to South Korea will be customs-free.
Israel is working on similar arrangements with India, China, and Vietnam.
According to Israel's economic ministry, bilateral trade with South Korea reached about $2.4 billion in 2020, which is around two-thirds of the goods and services imported into Israel.
The free trade pact will be signed this week in Seoul during a visit by Israel's foreign affairs and economy ministers.


Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 



