Israel, July, 2007. Minister of Transport Shaul Mofaz has signed an ordinance which will allow the opening up of the vehicle import market to parallel imports. The ordinance will allow new vehicles to be imported commercially from overseas dealers and intermediaries, without direct contact with the manufacturers.
This will be contingent on the importers meeting a series of conditions that will prove their
ability to provide service and maintenance for the vehicles they import.
The ordinance is the final stage in the reform process first launched in 1999 in the wake of the recommendations of an inter-ministerial committee, which aimed to remove the barriers from the vehicle import market. During the period that has elapsed since then, various barriers have been removed, such as the need to operate garages and spare parts dealerships in main cities, and the cancellation of exclusivity agreements between importers and manufacturers.
Sources in the vehicle sector believe that the threshold conditions that the Ministry of Transport has set for the granting of a parallel import permit will open this track up initially for the big leasing and car rental firms, as well as major corporations and existing vehicle importers, interested in importing rival brands.
Autor: Duby Ben Gedalyahu
Published by Globes [online], Israel business news - http://www.globes.co.il - on July 23, 2007
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