Good news for consumers: Soon electrical products from Europe will cost less and be imported into Israel with zero bureaucracy. Upon completion of the legislative process in the coming months, the reform will enter into force.
Last Wednesday, the Knesset approved the first reading of the proposal from the Minister of Energy and Infrastructure, Eli Cohen, to fully open the electrical products market, which is estimated at NIS 10 billion per year, so that all products that comply with European regulations will enter Israel without extra bureaucracy.
This move is intended to expand the concessions for importing electrical products to Israel, fight the cost of living, increase competition in the market and cut regulation. The reform deals with electrical products found in every home in Israel, including refrigerators, washing machines, televisions, dishwashers, clothes dryers and more.
With the amendment of the law, it will be possible to import to Israel freely and fully all electrical appliances sold in Europe. They will be imported without any further bureaucracy or regulation. This step will make it especially easy for importers who until now have had difficulty obtaining official documents attesting that the products comply with European regulations.
Minister of Energy and Infrastructure, Eli Cohen said "The completion of the reform in the import of electrical products is another step in reducing the cost of living for the Israeli public. Easier and cheaper imports of electrical products that are found in every home in Israel increases competition and makes it possible to enjoy a wide variety of products at attractive prices. In addition, the electrical products that are imported into Israel will be more energy efficient, which will lead to savings in the electricity expenses of Israeli households. We will continue to work to lower the cost of living and reduce regulation, at the same time as promoting efficiency and maintaining the stability and reliability of the electricity system."
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