(MENAFN- Trend News Agency) Israel on Tuesday announced a plan to ease import restrictions
for large global retail companies in the country, trend reports citing
xinhua .
The plan aims to encourage the entry of large retail chains into
Israel, which could help boost competition, reduce living costs,
and advance innovation in the sector, Israel's Economy and Industry
Ministry said in a statement.
Foreign chains currently face many difficulties when entering
the Israeli market, including the need to submit standard
declarations for each shipment and other bureaucratic delays.
Under the reform, large global chains just need to declare that
their products meet international standards, rather than undergo
regular import inspections as long as the products are also offered
in other countries.
Recently, global supermarket giants such as Carrefour and SPAR
have announced plans to open their first stores in Israel.
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