Free trade agreements of Israel explained

The free trade agreements of Israel represent Israel's cooperation in multinational trade pacts and participation in the global economy. Israel's first free trade agreement was signed in 1985 with the United States of America. Since then, Israel has signed 16 free trade agreements (free trade agreements) with 48 countries and economic blocks such as the European Union, the European Free Trade Association and Mercosur.

Free trade agreements

Current free trade agreements between Israel and other countries/trading blocs

Agreement nameCountries/blocsStart of negotiationsDate of signatureApproval and entry into forceStatusUpdates
February 2021---
October 2022---
Canada–Israel Free Trade Agreement[1] 31 July 19961 January 1997In power2019
September 2016---
Colombia–Israel Free Trade AgreementMarch 201230 September 201311 August 2020In power
March 2023-
April 2018-
EFTA –Israel Free Trade Agreement[2] European Free Trade Association17 September 19921 January 1993In power2018
EU–Israel Free Trade Agreement European Union20 November 19951 June 2000In power2010
2013
Georgia2024---
Guatemala–Israel Free Trade Agreement Guatemala29 August 20198 September 20221 March 2024In power
IndiaMay 2010---
JapanJanuary 2019---
Israel–Jordan Free Trade Agreement199426 October 199425 October 1995In power2004
Israel–Mercosur Free Trade Agreement[3] MercosurJune 200518 December 20079 September 2011In power2012
Israel–Mexico Free Trade Agreement[4] April 199810 April 20001 July 2000In power2008
Moldova1 August 2023---
Israel–Panama Free Trade Agreement Panama26 November 20158 May 20181 January 2020In power
Israel–South Korea Free Trade Agreement South KoreaMay 201612 May 20211 January 2023In power
Israel–Turkey Free Trade Agreement Turkey14 March 19961 May 1997In power2006
2007
Israel–Ukraine Free Trade Agreement Ukraine201221 January 20191 January 2021In power
Israel-UAE Free Trade Agreement United Arab EmiratesNovember 202131 May 20221 April 2023In power
Israel–United Kingdom Trade Continuity Agreement United KingdomEU–Israel Free Trade Agreement (before Brexit)18 February 20191 January 2021In power
Israel–United States Free Trade Agreement[5] 1 January 198422 April 19851 September 1985In power2004
2017
Israel–Vietnam Free Trade Agreement201624 July 2023-Signed

In force or provisionally in force

United States of America

See also: Israel–United States Free Trade Agreement and Israel–United States relations.

Israel and the United States signed the Israel–United States Free Trade Agreement, which was the first United States free trade agreement with a country outside of North America. The free trade agreement came into force on 1 September 1985. To be party to the free trade agreement, goods must be a product of Israel or the United States or have had a significant portion produced in Israel or USA.

In 2004, the agreement was extended to agricultural products and telecommunication equipment.[6] [7] [8] [9] [10] [11] [12] In 2017 it was further expanded to include rules of origin.[13]

The United States and Israel are also party to the Qualified Industrial Zone agreement, which serves to promote co-production and economic cooperation between Israel and Egypt.[14] [15] [16]

European Free Trade Association

See also: Israel–Switzerland relations, Iceland–Israel relations and Israel–Norway relations. Israel and the European Free Trade Association (EFTA), which includes Switzerland, Norway, Iceland and Liechtenstein, signed a free trade agreement in 1992 which came into force a year later.[17] The free trade agreement originally included trade of goods, rules of origin, and intellectual property rights, and in 2018 was updated to extend to agricultural products.[18] [19] [20] [21] [22] [23]

Jordan

See also: Israel–Jordan relations and Israel–Jordan peace treaty. The free trade agreement between Israel and Jordan was signed in 1995, one year after the 1994 Israel–Jordan peace treaty in 1994. The agreement of 1995 includes rules of origin and goods that are 100%, 50% or 30% duty-free.[24] The free trade agreement was updated. in 2004[25]

European Union

See also: Israel–European Union relations. The free trade agreement between Israel and the EU was signed on 20 November 1995 and came into force on 1 June 2000.[26] The original free trade agreement included clauses on rules of origin, duties, service and industrial trades and co-operations, tourism, and transport, and was updated in 2010 to include agriculture.[27]

In 2013 Israel and the EU signed the Agreement on Conformity Assessment and Acceptance of Industrial, giving good manufacturing practice exemption to the Israeli medical industry and easing the export of medical goods from Israel to the European Union.[28]

Turkey

See also: Israel–Turkey relations.

Israel and Turkey signed a free trade agreement on 14 March 1996, which came into force on 1 May 1997.The free trade agreement covers topics including duties on agriculture, industry and services to right of origin.[29] The free trade agreement was updated in 2006 and 2007.[30] [31]

Canada

See also: Canada–Israel Free Trade Agreement and Canada–Israel relations.

Israel and Canada signed their first free trade agreement on 31 July 1996 which came into force on 1 January 1997, listing a number of goods without duties or with low fees of duty.[32] Israel and Canada also signed an agreement on telecommunication equipment.[33] The free trade agreement was updated in 2019,[34] eliminating tariffs on goods from Israel and Canada.[35] [36]

Mexico

See also: Israel–Mexico relations.

Israel and Mexico signed a free trade agreement on 10 April 2000,[37] and updated the free trade agreement in 2008 on the matter of technology.[38]

Mercosur

Israel and Mercosur signed a free trade agreement on 8 December 2007 and the free trade agreement came into force on 1 June 2010.[39] Venezuela suspended their relationship with Israel in 2009, and was later suspended from Mercosur in 2016. Mercosur extended the free trade agreement with Israel in 2012.[40]

Colombia

See also: Colombia–Israel relations. The free trade agreement between Israel and Colombia was signed in 2013 and came into force in 2020.[41] The free trade agreement includes exemption or reduction of duties on different types of industrial goods, which enjoys 5% - 35% duties and other sectors such as agriculture.[42] [43]

Panama

See also: Israel–Panama relations. The free trade agreement between Israel and Panama was signed in 2018 and came into force in 2020.[44]

Ukraine

See also: Israel–Ukraine relations.

Israel and Ukraine signed a free trade agreement on 21 January 2019; it came into force on 1 January 2021.[45] The agreement exempted from duties goods such as industrial products, agricultural products, raw materials and more.[46] [47]

United Kingdom

See also: Israel–United Kingdom relations.

Due to Brexit, the United Kingdom withdrew from the free trade agreement between the EU and Israel. Israel and the United Kingdom signed their free trade agreement in 2019 before Brexit came into effect. The free trade agreement came into force on 1 January 2021 and replaced the Israel-EU free trade agreement.[48]

South Korea

See also: Israel–South Korea relations.

Israel and South Korea have signed a free trade agreement on 12 May 2021 to improve investments, removing barriers, and other topics. The FTA includes electronics, cosmetics, cars, and more.Date of entry is the 01.01.2023.[49] The free trade agreement took effect at the end of 2022.[50] [51] [52]

United Arab Emirates

See also: Israel–United Arab Emirates relations.

Israel and the United Arab Emirates (UAE) signed a free trade agreement on 31 May 2022. Tariffs will be removed or reduced on 96% of goods traded between the nations. The UAE predicted the Comprehensive Economic Partnership Agreement would boost annual bilateral trade to more than $10 billion within five years.[53]

Israel and the United Arab Emirates ratified their free trade agreement on 11 December 2022.[54] [55] The free trade agreement went into effect on 1 April 2023.[56] [57] [58]

Signed free trade agreements

Israel currently is party to two free trade agreements that have been signed but not have entered into force.

Under negotiation

Israel is negotiating bilateral free trade agreements with the following countries and trade blocs:

Exploratory discussions

Israel is undertaking exploratory discussions of bilateral or multilateral FTAs with the following countries and trade blocs, although formal negotiations have not yet begun:

See also

External links

Notes and References

  1. Web site: SICE: Trade Agreements: Canada - Israel Free Trade Agreement . 2022-05-13 . www.sice.oas.org.
  2. Web site: Israel European Free Trade Association . 2022-05-13 . www.efta.int . en.
  3. Web site: SICE: Trade Agreements: MERCOSUR-Israel . 2022-05-13 . www.sice.oas.org.
  4. Web site: SICE: Trade Agreements: Mexico-Israel Free Trade Agreement . 2022-05-13 . www.sice.oas.org.
  5. https://www.gov.il/BlobFolder/policy/fta-isr-usa/he/sahar-hutz_agreements_fta-usa-isr-en.pdf Free Trade Agreement
  6. Web site: FTA agriculture letters. 30 August 2023.
  7. https://www.gov.il/BlobFolder/policy/fta-isr-usa/he/sahar-hutz_agreements_attachment-usa-isr-agri-2004.pdf Sahar Hutz Agreements
  8. https://www.gov.il/BlobFolder/policy/fta-isr-usa/he/sahar-hutz_agreements_usa-fta-agri-annexa.pdf Sahar Hutz Agreements
  9. https://www.gov.il/BlobFolder/policy/fta-isr-usa/he/sahar-hutz_agreements_usa-fta-agri-annexb.pdf Sahar Hutz Agreements
  10. https://www.gov.il/BlobFolder/policy/fta-isr-usa/he/sahar-hutz_agreements_usa-fta-agri-annexc.pdf Sahar Hutz Agreements
  11. https://www.gov.il/BlobFolder/policy/fta-isr-usa/he/sahar-hutz_agreements_usa-fta-agri-annexd.pdf Sahar Hutz Agreements
  12. https://www.gov.il/BlobFolder/policy/fta-isr-usa/he/sahar-hutz_agreements_Mutual-Recognition-Agreement-usa-isr-en.pdf Mutual recognition agreement
  13. https://www.gov.il/BlobFolder/policy/fta-isr-usa/he/sahar-hutz_agreements_fta-isr-usa-joint-committee-decision.pdf Sahar Hutz Agreements
  14. https://www.gov.il/BlobFolder/policy/qiz-egypt-usa-isr/he/sahar-hutz_agreements_egypt-usa-qiz-agreement-en.pdf Sahar Hutz Agreements
  15. https://www.gov.il/BlobFolder/policy/qiz-egypt-usa-isr/he/sahar-hutz_agreements_Egypt-Annex-A-QIZ.pdf Sahar Hutz Agreements
  16. https://www.gov.il/BlobFolder/policy/qiz-egypt-usa-isr/he/sahar-hutz_agreements_Egypt-Annex-B-QIZ.pdf Sahar Hutz Agreements
  17. https://www.gov.il/BlobFolder/policy/israel-efta-free-trade-agreement/he/sahar-hutz_agreements_efta-fta-en.pdf Sahar Hutz Agreements
  18. https://www.gov.il/BlobFolder/policy/israel-efta-free-trade-agreement/he/sahar-hutz_agreements_efta-fta-protocol-a-2018.pdf Sahar Hutz Agreements
  19. Web site: Annex I Excluded Products. 30 August 2023.
  20. Web site: Annex 2. 30 August 2023.
  21. https://www.gov.il/BlobFolder/policy/israel-efta-free-trade-agreement/he/sahar-hutz_agreements_efta-Israel-Switzerland-Agreement-2018.pdf Israel Switzerland Agreement
  22. https://www.gov.il/BlobFolder/policy/israel-efta-free-trade-agreement/he/sahar-hutz_agreements_efta-Israel-Iceland-Agreement-2018.pdf Sahar Hutz Agreements
  23. https://www.gov.il/BlobFolder/policy/israel-efta-free-trade-agreement/he/sahar-hutz_agreements_efta-Israel-Norway-Agreement-2018.pdf Israel Norway agreement
  24. https://www.gov.il/BlobFolder/policy/jordan-israel-fta/he/sahar-hutz_agreements_jordan-fta-exp.pdf Sahar Hutz Agreements
  25. https://www.gov.il/BlobFolder/policy/jordan-israel-fta/he/sahar-hutz_agreements_jordan-fta-agreemrnt-update-protocol-en-2004.pdf Updated protocol
  26. Web site: Euro FTA Agreement. 30 August 2023.
  27. https://www.gov.il/BlobFolder/policy/eu-isr-fta/he/sahar-hutz_agreements_euro-fta-agri-2010-en.pdf Sahar Hutz Agreements
  28. https://www.gov.il/BlobFolder/policy/euro-acaa-agreement/he/euro-ACAA-english.pdf Euro ACAA
  29. https://www.gov.il/BlobFolder/policy/free-trade-area-agreement-israel-turkey/he/sahar-hutz_agreements_Turkey-fta-en.pdf Sahar Hutz Agreements
  30. https://www.gov.il/BlobFolder/policy/free-trade-area-agreement-israel-turkey/he/sahar-hutz_agreements_Turkey-joined-committee2006.pdf Sahar Hutz Agreements
  31. Web site: Joined committee. 30 August 2023.
  32. https://www.gov.il/BlobFolder/policy/israel-canada-fta/he/sahar-hutz_agreements_canada-FTA-1997-Agreement-en.pdf Canada FTA 1997
  33. https://www.gov.il/BlobFolder/policy/israel-canada-fta/he/sahar-hutz_agreements_canada-mraEng.pdf Sahar Hutz Agreements
  34. News: Canada-Israel Free Trade Agreement – Table of Contents . Gac . 23 August 2013.
  35. https://www.gov.il/BlobFolder/policy/israel-canada-fta/he/sahar-hutz_agreements_canda-agr-benefits-to-isr-2019.pdf Sahar Hutz Agreements
  36. https://www.gov.il/BlobFolder/policy/israel-canada-fta/he/sahar-hutz_agreements_canda-agr-benefits-from-isr-2019.pdf Sahar Hutz Agreements
  37. https://www.gov.il/BlobFolder/policy/free-trade-area-agreement-israel-mexico/he/sahar-hutz_agreements_Mexico-Israel-fta-en.pdf Sahar Hutz Agreements
  38. https://www.gov.il/BlobFolder/policy/free-trade-area-agreement-israel-mexico/he/sahar-hutz_agreements_mexico-fta-direct-transfer-update-en.pdf FTA Update
  39. https://www.gov.il/BlobFolder/policy/israel-mercosur-free-trade-agreement/he/sahar-hutz_agreements_Mercosur-fta-EN-2010.pdf Sahar Hutz Agreements
  40. Web site: Joint Committee. 30 August 2023.
  41. https://www.gov.il/BlobFolder/policy/israel-colombia-fta/he/sahar-hutz_agreements_colombia-en-agreement2020.pdf Sahar Hutz Agreements
  42. https://www.gov.il/BlobFolder/policy/israel-colombia-fta/he/sahar-hutz_agreements_israel-to-colombia-icolombia-industry-benefits.pdf Colombia industry benefits
  43. https://www.gov.il/BlobFolder/policy/israel-colombia-fta/he/sahar-hutz_agreements_colombia-agriculture-benefits-2.pdf Sahar Hutz Agreements
  44. https://www.gov.il/BlobFolder/policy/free-trade-area-agreement-israel-panama/he/sahar-hutz_agreements_panama-fta-en-2018.pdf Sahar Hutz Agreements Panama
  45. https://www.gov.il/BlobFolder/policy/isr-ukraine-fta/he/sahar-hutz_agreements_israel-ukraine-fta-en.pdf Israel Ukraine FTA
  46. https://www.gov.il/BlobFolder/policy/isr-ukraine-fta/he/sahar-hutz_agreements_ukraine-fta-export-Concessions-Final.pdf Sahar Hutz Agreements
  47. https://www.gov.il/BlobFolder/policy/isr-ukraine-fta/he/sahar-hutz_agreements_ukraine-fta-import-Concessions-Final.pdf FTA Import concessions
  48. https://www.gov.il/BlobFolder/policy/uk-israel-trade-agreement/he/sahar-hutz_agreements_israel-uk-agreement-en.pdf Sahar Hutz Agreements
  49. News: Israel-South Korea free trade deal to take effect Dec. 1 . Reuters . 28 September 2022 .
  50. Web site: New S.Korea-Israel free trade agreement comes into effect . 2023-03-23 . The Jerusalem Post JPost.com . en-US.
  51. Web site: i24NEWS . 2023-03-23 . www.i24news.tv. 29 September 2022 .
  52. Web site: Haskel . Adam . 2022-09-29 . Israel-South Korea free trade agreement passes final hurdle . 2023-03-23 . JNS.org . en-US.
  53. News: Cornwell . Alexander . 2022-05-31 . Israel, UAE boost ties with free trade pact . en . Reuters . 2022-12-04.
  54. News: 2022-12-11 . UAE, Israel ratify comprehensive economic partnership agreement . en . Reuters . 2022-12-12.
  55. Web site: Algemeiner . The . A 'Major Boost': Israel, UAE Ratify Free Trade Deal . 2022-12-12 . Algemeiner.com . en-US.
  56. Web site: 2023-03-26 . Israel, UAE sign free trade pact into effect . 2023-03-27 . Middle East Monitor . en-GB.
  57. Web site: Israel-UAE free trade deal takes force as customs agreement inked in Jerusalem . 2023-03-27 . MSN . en-CA.
  58. Web site: Agence France-Presse . 2023-03-28 . Israel-UAE deal to take effect Apr 1 . 2023-03-28 . The Manila Times . en.
  59. Web site: I24NEWS . 8 September 2022 .
  60. Web site: Departments .
  61. News: Vu . Khanh . Nguyen . Phuong . 2023-07-25 . Vietnam and Israel sign free trade agreement . en . Reuters . 2023-07-25.
  62. Web site: 3 March 2021 . Australia-Israel Free Trade Agreement .
  63. News: 2022-10-31 . Israel, Bahrain hope to seal free trade deal by end of year . en . Reuters . 2022-11-17.
  64. Web site: 2022-10-31 . Israel, Bahrain hope to seal free trade agreement by end of year . 2022-11-17 . Al Arabiya English . en.
  65. News: 9 September 2020 . Israel-China free-trade pact seen imminent . Globes .
  66. News: 22 March 2022 . Israel on way to free trade with China, India, UAE . Globes .
  67. Web site: Israel and Iran both set to join Russia-led free trade zone . The Times of Israel.
  68. News: Israel on way to free trade with China, India, UAE. Globes. 22 March 2022.
  69. News: FTA can take India-Israel friendship to the next level | India News - Times of India. The Times of India.
  70. Web site: Israel and Japan in Talks to Enter a Free Trade Agreement. 15 January 2019.
  71. Web site: Haskel . Adam . 2023-08-01 . Israel, Moldova kick off talks for free trade pact . 2023-08-01 . JNS.org . en-US.
  72. https://www.inn.co.il/news/596945
  73. Web site: Georgia, Israel discuss further improving bilateral ties in various fields . 2023-09-15 . www.aa.com.tr.
  74. Web site: FTA talks with Israel to launch next year, our ties strengthen, Georgian PM says . 2023-09-15 . 1TV . en-US.
  75. Web site: Relations between Georgia, Israel developing “dynamically” - Georgian Ambassador to country . 2023-09-15 . Agenda.ge.

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