ANNOUNCEMENT 25 Feb 2014

In February 2014, the government of Israel announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



IDI, 'Israel brings Down Import Duty on Polished Diamonds to 1 Promil': http://www.israelidiamond.co.il/english/News.aspx?boneID=918&objID=14139
Minutes of the Finance Committee Meeting of February 24, 2014 (in Hebrew): http://knesset.gov.il/protocols/data/rtf/ksafim/2014-02-24.rtf


Inception date: 01 Mar 2014 | Removal date: open ended
Still in force

Import tariff

On February 25, 2014, the Finance Committee of the Knesset approved a reduction of the import duty on polished diamonds to 0.1% (previously at 0.135%) ad valorem upon the request of the Israeli Diamond Industry. The measure entered into force on March 1, 2014.

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AFFECTED PRODUCTS