Free trade agreements of Israel

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Free trade agreements of Israel
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Israel
Agreement in force
Agreement signed and waiting for approval
Agreement in negotiations
QIZ Agreement only
Custom union with the Palestinian Authority (Area A and B) FTA of Israel 2024 June.svg
Free trade agreements of Israel
  Israel
  Agreement in force
  Agreement signed and waiting for approval
  Agreement in negotiations
  QIZ Agreement only
  Custom union with the Palestinian Authority (Area A and B)

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.

Contents

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
Flag of Australia (converted).svg  Australia February 2021---
Flag of Bahrain.svg  Bahrain October 2022---
Canada–Israel Free Trade Agreement [1] Flag of Canada (Pantone).svg  Canada 31 July 19961 January 1997In power2019
Flag of the People's Republic of China.svg  China September 2016---
Colombia–Israel Free Trade AgreementFlag of Colombia.svg  Colombia March 201230 September 201311 August 2020In power
Flag of Costa Rica.svg  Costa Rica March 2023-
Flag of the Eurasian Economic Union.svg  Eurasian Economic Union April 2018-
EFTA –Israel Free Trade Agreement [2] EFTA logo2.svg European Free Trade Association 17 September 19921 January 1993In power2018
EU–Israel Free Trade Agreement Flag of Europe.svg European Union 20 November 19951 June 2000In power2010
2013
Flag of Georgia.svg Georgia 2024---
Guatemala–Israel Free Trade Agreement Flag of Guatemala.svg Guatemala 29 August 20198 September 20221 March 2024In power
Flag of India.svg India May 2010---
Flag of Japan.svg Japan January 2019---
Israel–Jordan Free Trade AgreementFlag of Jordan.svg  Jordan 199426 October 199425 October 1995In power2004
Israel–Mercosur Free Trade Agreement [3] Flag of Mercosur.svg Mercosur June 200518 December 20079 September 2011In power2012
Israel–Mexico Free Trade Agreement [4] Flag of Mexico.svg  Mexico April 199810 April 20001 July 2000In power2008
Flag of Moldova.svg Moldova 1 August 2023---
Israel–Panama Free Trade Agreement Flag of Panama.svg Panama 26 November 20158 May 20181 January 2020In power
Israel–South Korea Free Trade Agreement Flag of South Korea.svg South Korea May 201612 May 20211 January 2023In power
Israel–Turkey Free Trade Agreement Flag of Turkey.svg Turkey 14 March 19961 May 1997In power2006
2007
Israel–Ukraine Free Trade Agreement Flag of Ukraine.svg Ukraine 201221 January 20191 January 2021In power
Israel-UAE Free Trade Agreement Flag of the United Arab Emirates.svg United Arab Emirates November 202131 May 20221 April 2023In power
Israel–United Kingdom Trade Continuity Agreement Flag of the United Kingdom.svg United Kingdom EU–Israel Free Trade Agreement (before Brexit)18 February 20191 January 2021In power
Israel–United States Free Trade Agreement [5] Flag of the United States.svg  United States 1 January 198422 April 19851 September 1985In power2004
2017
Israel–Vietnam Free Trade AgreementFlag of Vietnam.svg  Vietnam 201624 July 2023-Signed

In force or provisionally in force

United States of America

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

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

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

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

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

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

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

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

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

Ukraine

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

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

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

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

Notes

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