Posted 3/10/2024, 3:41:35 PM
Draft Bill Aims to Cut Israel's High Food Costs by Expanding EU Import Rules
- Draft import reform bill aims to cut cost of living by simplifying food imports & adopting more EU regulations
- Seeks to expand adoption of EU food safety regulations from 4 to 20 areas
- Follows 2021 decision to open market to imports to increase competition & reduce costs
- Comes after State Comptroller report showing food prices 51% higher than EU
- Public can comment on draft bill until March 22 before legislation completion expected by end of April
