KYIV, March 28 – The agreement on free trade area (FTA) between Ukraine and Israel foresees the annulment of import duties for 80% of industrial goods from Ukraine to Israel and some agricultural products from the moment when the document takes force, Deputy Minister of Economic Development and Trade, Trade Representative of Ukraine Natalia Mykolska said.

"At the same time, import duties will be abolished within a range of quotas for a number of agricultural products, and there will be a gradual cancellation of import duties during the transitional periods - three, five and seven years. After these terms end, the duties will be leveled to nil," she said at a press briefing after a government meeting on Wednesday.