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Ministers agree to cancel tariff on beef, cattle imports

Cattle at Kibbutz Sarid in the Jezreel Valley on January 24, 2017. (Anat Hermoni/Flash90)
Cattle at Kibbutz Sarid in the Jezreel Valley on January 24, 2017. (Anat Hermoni/Flash90)

The Agriculture and Finance ministries announce a deal to cancel tariffs on imports of beef and cattle alongside an investment of NIS 420 million in the local cattle breeders’ industry over the next seven years.

Agriculture Minister Oded Forer says the move will lead to lowering the prices of beef for Israeli consumers.

“The removal of the tariffs will lead on the one hand to lowering the price of beef, a product that has a growing demand year after year, and on the other hand it will make it possible to assist the local breeders and support their hard work,” says Forer in a statement.

The ministries note, however, that in light of the current political situation the agreement will require legal approval before moving forward.

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