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Insights & News / Efrat Cohen
Tariff Crisis with the US Rekindles Debate over Israel’s Reciprocal Procurement Obligation
The Ministry of Finance, in conjunction with other government ministries, is currently formulating a plan to reduce the US trade deficit with Israel, in order to reduce the tariff rate that the Trump administration has imposed on goods imported from Israel. According to reports, one of the proposals currently being considered is to exempt US companies from reciprocal procurement obligation in exchange for their winning large-scale tenders in Israel.
Drug Registration Reform in Israel: Processes Are Being Streamlined and Time Frames Shortened to Increase Supply and Lower Prices
The Ministry of Health published a new outline recently, which is designed to shorten the registration timeframes for new drugs. The outline is based on higher cooperation between the Ministry of Health and leading drug registration authorities around the world, while relying on approvals issued in other countries.
Bank of Israel Releases Preliminary Digital Shekel Design for Public Comment – A Real Opportunity for Competition and Innovation?
Last week, the Bank of Israel published a preliminary design of the central bank’s Digital Shekel system. In a detailed document, holding more than 100 pages, the Bank of Israel presents guiding principles and a work plan for further advancing this ambitious project.