The writing is on the wall with regards to the Israeli-American relationship. Obama is now publicly shunning Israel and making up with its arch-enemy Iran. Seeking new allies, Israel is now continuing its policies of recent years in reaching out to Russia. Both nations will now begin negotiations for a Free Trade agreement.
Israel and Russia will soon begin negotiations over a free-trade agreement aimed at significantly increasing the relatively paltry trade numbers between the two countries, government officials said Tuesday.
The agreement to begin negotiations on the matter was finalized last week at a meeting in Bali between Economy Minister Naftali Bennett and Russia’s Minister of Economic Development Alexey Ulyukaev.
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Russia’s particular interest in trade with Israel is for hi-tech goods, while Israel is keen on breaking into the huge Russian market.
Israel is also interested in negotiating a free trade agreement with China, and the issue was raised during Prime Minister Binyamin Netanyahu’s visit there in May, though no date was set for starting negotiations.
The Israelis can’t rely on America and have to look for friends elsewhere. Can’t blame them for reaching out to Russia.
Tags: Free Trade
