Minister Bennet to Accept Foreign Standards on Many Imported Products (video)

Minister of Economy and Commerce Naftali Bennet is moving on to reforms in the commercial areas. His plan, as you can see in the video below, is to change the way the Standards Institute of Israel works. Instead of requiring every item to go through intensive analysis by the standards institute, even if it is being imported from countries that have already put the product through its own high level of standards certification, Israel will do away with that, and certain products from certain countries will be approved on the basis of the foreign standards institutes. This is expected to spur more imports and bring down prices.
It sounds strange to me. Israel has its set of standards that should be checked here. Does the USA or England accept the certification of the Israeli standards or do they check imported products on their own? Importing and producing more products should be encouraged, and perhaps the way the Standards Institute works, the cost involved and the amount fo time they take to analyze each product, should be changed, but I am not sure doing away with the need for the SI to analyze products for the Israeli market is the way to go.

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