Finance Minister Moshe Kahlon has signed the decree about increase of quotas on duty-free imports of fresh beef to 1.500 tons per year.
At the moment the quota is 3.500 tons per year. Immediately after the signing of the decree, the quota will increase by 500 tons, and may 31 – by another 1,000 tons.
In addition, in 2017, the quota will increase by 500 tons to 5,500 tons per year and in 2018 will be increased to 5,700 tons per year.
Local producers will be compensated for the increased duty-free quotas in the form of direct subsidies.
The decree is based on the decision of the government from 2014 on the reduction of protective duties on the cattle market and the transition to a system of direct subsidies.
It is expected that in the near future Kahlon will also sign the decrees on the temporary increase in duty-free quotas on imports of hard cheeses, frozen vegetables, fresh fish, olive oil, lamb, tomato paste, cucumbers, sweet pepper, lettuce, parsley, cabbage, horseradish, carrots, potatoes, onions, eggplant, sweet potato and zucchini.
It should be noted that a strong agricultural lobby strongly opposed the reduction of duties.