The tension of trade relations .. The European Union waved sanctions on Israel

In a report published by the French newspaper “Le Figaro”, the writer Jean -Kidrov addressed the issue of trade relations between the European Union and Israel in light of Brussels’s threat to impose new sanctions that may include the freezing of part of the partnership agreement signed in 2000, a measure that may cost Tel Aviv a high price.

On September 10, European Commission President Usola von der Line presented a proposal that includes imposing sanctions on the Israeli extremist ministers and settlers of the Israeli “violent”, in addition to a partial suspension of the partnership agreement between the Union and Israel. Reconsidering the commercial aspect of it will not be without repercussions on Israel, whose economy relies heavily on the trade of goods with the European Union. According to Eurostat statistics, the value of trade between the European Union and Israel in 2024 amounted to about 42.6 billion euros, superior to trade with the United States, which amounted to 31.6 billion euros. The European Union remains the first commercial partner of Israel, and trade with the Union represents about a third of Israeli exports and imports. With regard to the structure of commodity trade, it is generally balanced with the dominance of the machinery sector and transport equipment, followed by chemical products and other manufactured goods, and the partnership agreement has been signed since 2000 with European red lines that exclude products coming from Israeli settlements in the lands The hill since 1967. The question now remains about the ability of the European Union to mobilize a majority to suspend the preferential trade exchanges, which may incur great economic losses.