« Gaza Lofting Eplosions | Main | Israel & Gaza » Israel & S Korea Signing Free Trade
By Micah Halpern
Monday May 10, 2021 Israel and South Korea are signing a free trade agreement. This agreement is the first of its kind between Israel and an Asian market. The purpose of a free trade agreement is to bolster investments and create a market between countries. In general, when there is a free trade agreement, most goods are tax free. So, the price of the items go down. And when that happens, sales and profits go up. The lost money from import taxes is made up on the sale of other items. As a result, economies blossom – all because good were imported without taxes. In 2020, total trade between Israel and South Korea came to $2.4 billion. 33% of that was Israel importing goods from South Korea. That means that two-thirds of the $2.4 billion was Israel exports to South Korea. This free trade agreement is very good news for the Israeli economy. Read my latest book THUGS. It's easy. Just click. To reprint my essays contact sales (at) www.featurewell.com 13 May 2021 11:54 PM in Thoughts
Trackback Pings
TrackBack URL for this entry: Listed below are links to weblogs that reference Israel & S Korea Signing Free Trade:
» bangkok escort Service from bangkok escort Service Tracked on May 10, 2021 03:48 PM
» ___ from ___ Tracked on May 11, 2021 06:28 AM
» www.associazionehombre.it from www.associazionehombre.it Tracked on May 11, 2021 04:12 PM
» adidas yeezy boost authentic from adidas yeezy boost authentic Tracked on May 11, 2021 08:55 PM
» watch-wiki.org from watch-wiki.org Tracked on May 12, 2021 11:28 AM
» agenturosman.de from agenturosman.de Tracked on May 12, 2021 03:35 PM
» _____ from _____ Tracked on May 12, 2021 07:02 PM
» peolitraver.de from peolitraver.de Tracked on May 12, 2021 08:54 PM
» Nigeria Job Vacancies from Nigeria Job Vacancies Tracked on May 13, 2021 02:02 AM
» Nigeria Jobs from Nigeria Jobs Tracked on May 13, 2021 02:48 AM Comments
Post a comment
Powered by Movable Type Site design by Sekimori
|