Ukrainian President Petro Poroshenko and Israeli Prime Minister Benjamin Netanyahu have agreed during a telephone conversation to speed up the process of signing an agreement on free trade area, the Ukrainian president's press service reported.

"The two officials also discussed the issue of the conclusion of the agreement on free trade area between Ukraine and Israel and have agreed to speed up the process," the statement reads.

Besides, they spoke for the early holding of an intergovernmental commission on economic cooperation. Poroshenko and Netanyahu agreed to maintain frequent political contacts.