The policy’s purpose is to significantly simplify import processes, and to decrease import costs specifically and cost of living in general.
The Ministry of Economy implements the new import policy, determined in Government Resolution 2318, by the Ministry’s Commissioner of Import.
The Chief Economist’s report of December 2016 indicates that in comparison to OECD countries, the Israeli market has a low degree of exposure to import. As of 2014, Israel is 106 out of 140 global economies in the exposure to import index (out of the Global Financial Forum).
Comparing scope of import in relation to economy, import in Israel is at 20%, compared to the OECD average of 27%. Moreover, comparing the scope of import out of the consumption basket, import is about 10% of the Israeli household’s consumption basket, compared to 19%.
This policy is guided by the view that free trade increases competition and improves the allocation of resources in the market. Therefore the policy’s purpose is to significantly simplify import processes, and to decrease import costs specifically and cost of living in general.
Contacting the Import Commissioner
The Commissioner of Import in the Ministry of Economy and Industry – Mr. Anwar Hilaf. The Commissioner cooperates with all government ministries in charge of the competent import authorities.
