In a significant move to reduce the cost of living, Israel’s Ministerial Committee to Combat the Cost of Living has decided to automatically adopt European standards for the importation of goods. This decision means that European standards will replace any current Israeli regulations, simplifying the process of bringing products into the country.
This change aims to lower the prices of numerous consumer goods, including electronic appliances. Discounts are expected on a variety of everyday items such as diapers, washing powders, dishwashing liquid, computers, and mobile phones.
Prime Minister Benjamin Netanyahu emphasized the government’s commitment to reducing bureaucracy, which he said has been costly for Israeli citizens. “The government is uniting to cut the bureaucracy that costs the citizens money and burdens the pockets of the citizens of Israel,” Netanyahu stated.
He noted that over the years, many layers of bureaucracy have accumulated, and the government is now taking steps to correct this. By allowing the import of baby products, electrical products, and other items that can be used in Israel, the government hopes to foster competition, which will help to lower prices in many areas.
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Economy Minister Nir Barkat echoed this sentiment, stating that the government is opening Israel to tens of thousands of affordable products from Europe. He highlighted that these products will come in “without barriers, without unnecessary standards, and the control of monopolies and cartels.” This move is expected to make a wide range of products more accessible and affordable for Israeli consumers.
The decision is part of a broader effort by the Israeli government to tackle the high cost of living in the country. By aligning with European standards, Israel hopes to streamline the import process, reduce costs, and ultimately ease the financial burden on its citizens. The new regulations will apply to various consumer goods, making essential items more affordable and improving the overall standard of living.
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