Free trade agreements of Israel
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
[edit]Current free trade agreements between Israel and other countries/trading blocs
[edit]Agreement name | Countries/blocs | Start of negotiations | Date of signature | Approval and entry into force | Status | Updates |
---|---|---|---|---|---|---|
Australia | - | - | - | - | ||
Bahrain | October 2022 | - | - | - | ||
Canada–Israel Free Trade Agreement[1] | Canada | 31 July 1996 | 1 January 1997 | In power | 2019 | |
China | September 2016 | - | - | - | ||
Colombia–Israel Free Trade Agreement | Colombia | March 2012 | 30 September 2013 | 11 August 2020 | In power | |
Costa Rica | 2024 | - | ||||
Eurasian Economic Union | April 2018 | - | ||||
EFTA –Israel Free Trade Agreement[2] | European Free Trade Association | 17 September 1992 | 1 January 1993 | In power | 2018 | |
EU–Israel Free Trade Agreement | European Union | 20 November 1995 | 1 June 2000 | In power | 2010 2013 | |
Georgia | 2024 | - | - | - | ||
Guatemala–Israel Free Trade Agreement | Guatemala | 29 August 2019 | 8 September 2022 | 1 March 2024 | In power | |
India | May 2010 | - | - | - | ||
Japan | 2022 | - | - | - | ||
Israel–Jordan Free Trade Agreement | Jordan | 1994 | 26 October 1994 | 25 October 1995 | In power | 2004 |
Israel–Mercosur Free Trade Agreement[3] | Mercosur | June 2005 | 18 December 2007 | 9 September 2011 | In power | 2012 |
Israel–Mexico Free Trade Agreement[4] | Mexico | April 1998 | 10 April 2000 | 1 July 2000 | In power | 2008 |
Moldova | 1 August 2023 | - | - | - | ||
Israel–Panama Free Trade Agreement | Panama | 26 November 2015 | 8 May 2018 | 1 January 2020 | In power | |
Serbia | - | - | - | - | ||
Israel–South Korea Free Trade Agreement | South Korea | May 2016 | 12 May 2021 | 1 January 2023 | In power | |
Israel–Turkey Free Trade Agreement | Turkey | 14 March 1996 | 1 May 1997 | In power | 2006 2007 | |
Israel–Ukraine Free Trade Agreement | Ukraine | 2012 | 21 January 2019 | 1 January 2021 | In power | |
Israel-UAE Free Trade Agreement | United Arab Emirates | November 2021 | 31 May 2022 | 1 April 2023 | In power | |
Israel–United Kingdom Trade Continuity Agreement | United Kingdom | EU–Israel Free Trade Agreement (before Brexit) | 18 February 2019 | 1 January 2021 | In power | |
Israel–United States Free Trade Agreement[5] | United States | 1 January 1984 | 22 April 1985 | 1 September 1985 | In power | 2004 2017 |
Israel–Vietnam Free Trade Agreement[6] | Vietnam | 2016 | 24 July 2023 | 17 November 2024 | In power |
In force or provisionally in force
[edit]United States of America
[edit]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.[7][8][9][10][11][12][13] In 2017 it was further expanded to include rules of origin.[14]
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.[15][16][17]
Israel - USA trade in thousands USD-$ [18][19][20][21][22][23][24][25] | |||
---|---|---|---|
Israel imports form United States | Israel exports to United States | Total trade value | |
2023 | 9058.9 | 17583.2 | 26642.1 |
2022 | 9639 | 18616.8 | 28255.8 |
2021 | 8630.8 | 16318.9 | 24949.7 |
2020 | 8327.1 | 13132.3 | 21459.4 |
2019 | 11744.9 | 15964.2 | 27709.1 |
2018 | 9755.1 | 16696 | 26451.1 |
2017 | 8084.8 | 17046.1 | 25130.9 |
2016 | 8076.3 | 17589 | 25665.3 |
2015 | 8080.6 | 18116.3 | 26196.9 |
2014 | 8560.1 | 18567.7 | 27127.8 |
2013 | 8153.2 | 17500.8 | 25654 |
2012 | 9398.7 | 17518.2 | 26916.9 |
2011 | 8706.7 | 19432.4 | 28139.1 |
2010 | 6701 | 18488.2 | 25189.2 |
2009 | 5849.1 | 16774.1 | 22623.2 |
2008 | 8034.4 | 19972.5 | 28006.9 |
2007 | 7848.9 | 18906.8 | 26755.7 |
2006 | 5919.5 | 17957.2 | 23876.7 |
2005 | 6042.1 | 15500.1 | 21542.2 |
2004 | 6099.1 | 14175.1 | 20274.2 |
2003 | 5330.8 | 12088.5 | 17419.3 |
2002 | 6134.1 | 11712.2 | 17846.3 |
European Free Trade Association
[edit]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.[26] 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.[27][28][29][30][31][32]
Israel - EFTA trade in thousands USD-$ [18][19][20][21][22][23][24][25] | |||
---|---|---|---|
Israel imports form European Free Trade Association | Israel exports to European Free Trade Association | Total trade value | |
2023 | 5192.8 | 737.3 | 5930.1 |
2022 | 6542.3 | 1596.7 | 8139 |
2021 | 6898.1 | 812.3 | 7710.4 |
2020 | 5466 | 505.5 | 5971.5 |
2019 | 5847.6 | 1144.7 | 6992.3 |
2018 | 8125.1 | 1410.9 | 9536 |
2017 | 5747.8 | 1512.6 | 7260.4 |
2016 | 4468.1 | 1524.4 | 5992.5 |
2015 | 4575 | 1573 | 6148 |
2014 | 5397.6 | 1503.7 | 6901.3 |
2013 | 4532.2 | 1450.9 | 5983.1 |
2012 | 4170.3 | 1222.4 | 5392.7 |
2011 | 4100.5 | 1513.6 | 5614.1 |
2010 | 3347.2 | 1114.1 | 4461.3 |
2009 | 3353.8 | 1006.5 | 4360.3 |
2008 | 4043.7 | 1289.5 | 5333.2 |
2007 | 2960.6 | 1104.7 | 4065.3 |
2006 | 2893 | 872.7 | 3765.7 |
2005 | 2545.5 | 970.3 | 3515.8 |
2004 | 2775.6 | 839.6 | 3615.2 |
2003 | 2153.4 | 557.1 | 2710.5 |
2002 | 2154.8 | 434.9 | 2589.7 |
Jordan
[edit]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.[33] The free trade agreement was updated. in 2004[34]
Israel - Jordan trade in thousands USD-$ [18][19][20][21][22][23][24][25] | |||
---|---|---|---|
Israel imports form Jordan | Israel exports to Jordan | Total trade value | |
2023 | 371.9 | 76.2 | 448.1 |
2022 | 469 | 67.6 | 536.6 |
2021 | 391.5 | 64.2 | 455.7 |
2020 | 210 | 39.4 | 249.4 |
2019 | 285.5 | 99.2 | 384.7 |
2018 | 346 | 71.5 | 417.5 |
2017 | 282.1 | 57.7 | 339.8 |
2016 | 308.1 | 48.9 | 357 |
2015 | 410.5 | 98.7 | 509.2 |
2014 | 378.1 | 107.8 | 485.9 |
2013 | 266.5 | 98.5 | 365 |
2012 | 205.5 | 154 | 359.5 |
2011 | 172.9 | 210 | 382.9 |
2010 | 94.1 | 185.6 | 279.7 |
2009 | 70 | 231.3 | 301.3 |
2008 | 105.9 | 288.5 | 394.4 |
2007 | 54.4 | 250.7 | 305.1 |
2006 | 38.2 | 136.6 | 174.8 |
2005 | 60.9 | 116.2 | 177.1 |
2004 | 51.4 | 132.9 | 184.3 |
2003 | 44.4 | 86.8 | 131.2 |
2002 | 47.9 | 69.1 | 117 |
European Union
[edit]The free trade agreement between Israel and the EU was signed on 20 November 1995 and came into force on 1 June 2000.[35] 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.[36]
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.[37]
Israel - EU trade in thousands USD-$ [18][19][20][21][22][23][24][25] | |||
---|---|---|---|
Israel imports form European Union | Israel exports to European Union | Total trade value | |
2023 | 30745.3 | 17904.9 | 48650.2 |
2022 | 34323 | 17993.7 | 52316.7 |
2021 | 31372.2 | 14432.7 | 45804.9 |
2020 | 24501 | 10954.4 | 35455.4 |
2019 | 27677.9 | 17328.7 | 45006.6 |
2018 | 31624.8 | 17570.1 | 49194.9 |
2017 | 28471.5 | 18306.8 | 46778.3 |
2016 | 27362.8 | 15758.8 | 43121.6 |
2015 | 22572.5 | 16056.8 | 38629.3 |
2014 | 24131.8 | 18787.5 | 42919.3 |
2013 | 24414.1 | 18285.6 | 42699.7 |
2012 | 25131.3 | 17086.3 | 42217.6 |
2011 | 25438.8 | 18802.1 | 44240.9 |
2010 | 20409.4 | 15348.4 | 35757.8 |
2009 | 17491.7 | 12389.8 | 29881.5 |
2008 | 22513.4 | 17795 | 40308.4 |
2007 | 20687 | 15992.8 | 36679.8 |
2006 | 18027.9 | 13046.2 | 31074.1 |
2005 | 17588.2 | 12490.1 | 30078.3 |
2004 | 16813.1 | 10720.9 | 27534 |
2003 | 14402.3 | 8917.1 | 23319.4 |
2002 | 13805.8 | 7751.4 | 21557.2 |
Turkey
[edit]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.[38] The free trade agreement was updated in 2006 and 2007.[39][40]
Israel - Turkey trade in thousands USD-$ [18][19][20][21][22][23][24][25] | |||
---|---|---|---|
Israel imports form Turkey | Israel exports to Turkey | Total trade value | |
2023 | 4607.6 | 1565.2 | 6172.8 |
2022 | 5700.3 | 2338.9 | 8039.2 |
2021 | 4764.3 | 1919.1 | 6683.4 |
2020 | 3497.7 | 1430.8 | 4928.5 |
2019 | 3207.8 | 1757.6 | 4965.4 |
2018 | 2885.5 | 1912.4 | 4797.9 |
2017 | 2895.9 | 1428.1 | 4324 |
2016 | 2601.7 | 1297.7 | 3899.4 |
2015 | 2446 | 1701.1 | 4147.1 |
2014 | 2683.6 | 2755.6 | 5439.2 |
2013 | 2354.1 | 2515.6 | 4869.7 |
2012 | 2082.7 | 1421.4 | 3504.1 |
2011 | 2171.1 | 1855.7 | 4026.8 |
2010 | 1800.1 | 1310.7 | 3110.8 |
2009 | 1387.7 | 1086 | 2473.7 |
2008 | 1825.3 | 1609.9 | 3435.2 |
2007 | 1606.9 | 1195.8 | 2802.7 |
2006 | 1272.7 | 821.2 | 2093.9 |
2005 | 1221.1 | 903.2 | 2124.3 |
2004 | 1166.9 | 813.5 | 1980.4 |
2003 | 951.5 | 470.3 | 1421.8 |
2002 | 813.7 | 383.1 | 1196.8 |
Canada
[edit]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.[41] Israel and Canada also signed an agreement on telecommunication equipment.[42] The free trade agreement was updated in 2019,[43] eliminating tariffs on goods from Israel and Canada.[44][45]
Israel - Canada trade in thousands USD-$ [18][19][20][21][22][23][24][25] | |||
---|---|---|---|
Israel imports form Canada | Israel exports to Canada | Total trade value | |
2023 | 374.9 | 705.1 | 1080 |
2022 | 471.7 | 1042.4 | 1514.1 |
2021 | 334.8 | 612.1 | 946.9 |
2020 | 276.4 | 567 | 843.4 |
2019 | 276.9 | 625.4 | 902.3 |
2018 | 331.9 | 779 | 1110.9 |
2017 | 299.2 | 663.4 | 962.6 |
2016 | 283.2 | 594.5 | 877.7 |
2015 | 263.2 | 556.3 | 819.5 |
2014 | 373.2 | 587.9 | 961.1 |
2013 | 408.7 | 635.2 | 1043.9 |
2012 | 399.5 | 767 | 1166.5 |
2011 | 412.5 | 807.1 | 1219.6 |
2010 | 399 | 749.5 | 1148.5 |
2009 | 294.4 | 578.3 | 872.7 |
2008 | 509.4 | 901.7 | 1411.1 |
2007 | 433.7 | 714.3 | 1148 |
2006 | 369.1 | 577.9 | 947 |
2005 | 320.4 | 482.7 | 803.1 |
2004 | 247.1 | 395.1 | 642.2 |
2003 | 233.5 | 326.5 | 560 |
2002 | 375.5 | 297 | 672.5 |
Mexico
[edit]Israel and Mexico signed a free trade agreement on 10 April 2000,[46] and updated the free trade agreement in 2008 on the matter of technology.[47]
Israel - Mexico trade in thousands USD-$ [18][19][20][21][22][23][24][25] | |||
---|---|---|---|
Israel imports form Mexico | Israel exports to Mexico | Total trade value | |
2023 | 104.8 | 417.9 | 522.7 |
2022 | 109.9 | 510.1 | 620 |
2021 | 106.6 | 385.1 | 491.7 |
2020 | 74.6 | 322.7 | 397.3 |
2019 | 95.8 | 351.8 | 447.6 |
2018 | 124.4 | 362.3 | 486.7 |
2017 | 194.2 | 365.6 | 559.8 |
2016 | 168.7 | 380.7 | 549.4 |
2015 | 111.5 | 434.2 | 545.7 |
2014 | 151.4 | 464.3 | 615.7 |
2013 | 140.9 | 359.9 | 500.8 |
2012 | 149.5 | 452.3 | 601.8 |
2011 | 179.1 | 365.4 | 544.5 |
2010 | 178.5 | 313.9 | 492.4 |
2009 | 117.8 | 271.7 | 389.5 |
2008 | 115.8 | 329.3 | 445.1 |
2007 | 57.9 | 289.8 | 347.7 |
2006 | 33.1 | 284.5 | 317.6 |
2005 | 21.5 | 214.1 | 235.6 |
2004 | 21.2 | 342.5 | 363.7 |
2003 | 17.6 | 228.7 | 246.3 |
2002 | 20.2 | 191.6 | 211.8 |
Mercosur
[edit]Israel and Mercosur signed a free trade agreement on 8 December 2007 and the free trade agreement came into force on 1 June 2010.[48] 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.[49]
Israel - Mercosur trade in thousands USD-$ [18][19][20][21][22][23][24][25] | |||
---|---|---|---|
Israel imports form Mercosur | Israel exports to Mercosur | Total trade value | |
2023 | 744.6 | 1595.4 | 2340 |
2022 | 1005.2 | 2166.7 | 3171.9 |
2021 | 841.3 | 1418.9 | 2260.2 |
2020 | 667.4 | 1156.4 | 1823.8 |
2019 | 685.5 | 1335.7 | 2021.2 |
2018 | 551.9 | 1346.9 | 1898.8 |
2017 | 594.2 | 1071.9 | 1666.1 |
2016 | 661.8 | 877.5 | 1539.3 |
2015 | 552.9 | 881.9 | 1434.8 |
2014 | 570.6 | 1049.7 | 1620.3 |
2013 | 673.2 | 1188.9 | 1862.1 |
2012 | 634.4 | 1289.5 | 1923.9 |
2011 | 624.9 | 1050.4 | 1675.3 |
2010 | 550.1 | 1078.6 | 1628.7 |
2009 | 427.4 | 807 | 1234.4 |
2008 | 547.9 | 1334.7 | 1882.6 |
2007 | 516.5 | 816.9 | 1333.4 |
2006 | 433.7 | 561.6 | 995.3 |
2005 | 370.5 | 554.6 | 925.1 |
2004 | 386 | 553.9 | 939.9 |
2003 | 248.8 | 403.8 | 652.6 |
2002 | 230.6 | 346.6 | 577.2 |
Colombia
[edit]The free trade agreement between Israel and Colombia was signed in 2013 and came into force in 2020.[50] 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.[51][52]
Israel - Colombia trade in thousands USD-$ [18][19][20][21][22][23][24][25] | |||
---|---|---|---|
Israel imports form Colombia | Israel exports to Colombia | Total trade value | |
2023 | 14.9 | 108.3 | 123.2 |
2022 | 15.7 | 138.7 | 154.4 |
2021 | 18.4 | 92.5 | 110.9 |
2020 | 19.2 | 72 | 91.2 |
2019 | 11.6 | 86.7 | 98.3 |
2018 | 12.8 | 80.6 | 93.4 |
2017 | 14.7 | 83.4 | 98.1 |
2016 | 15.4 | 88.8 | 104.2 |
2015 | 13.1 | 134.1 | 147.2 |
2014 | 15.6 | 218.1 | 233.7 |
2013 | 16.3 | 207.8 | 224.1 |
2012 | 17.1 | 140.4 | 157.5 |
2011 | 13.2 | 102.3 | 115.5 |
2010 | 8.4 | 124.8 | 133.2 |
2009 | 53.9 | 170 | 223.9 |
2008 | 445.2 | 166.7 | 611.9 |
2007 | 584.8 | 152.6 | 737.4 |
2006 | 473.1 | 123.5 | 596.6 |
2005 | 535.3 | 84.2 | 619.5 |
2004 | 121 | 86.1 | 207.1 |
2003 | 107.1 | 68.2 | 175.3 |
2002 | 138.8 | 59.6 | 198.4 |
Panama
[edit]The free trade agreement between Israel and Panama was signed in 2018 and came into force in 2020.[53]
Israel - Panama trade in thousands USD-$ [18][19][20][21][22][23][24][25] | |||
---|---|---|---|
Israel imports form Panama | Israel exports to Panama | Total trade value | |
2023 | 40.2 | 12.6 | 52.8 |
2022 | 34.8 | 12.1 | 46.9 |
2021 | 106.9 | 9 | 115.9 |
2020 | 17.6 | 7.2 | 24.8 |
2019 | 23.4 | 9.3 | 32.7 |
2018 | 19.5 | 17.4 | 36.9 |
2017 | 22.9 | 11.5 | 34.4 |
2016 | 47.5 | 14.2 | 61.7 |
2015 | 43.7 | 40.8 | 84.5 |
2014 | 44.3 | 25.7 | 70 |
2013 | 42.9 | 16.1 | 59 |
2012 | 34.2 | 17.2 | 51.4 |
2011 | 33.5 | 20.6 | 54.1 |
2010 | 20.5 | 17.9 | 38.4 |
2009 | 14.3 | 18.9 | 33.2 |
2008 | 32.6 | 17 | 49.6 |
2007 | 9.8 | 18.1 | 27.9 |
2006 | 15.3 | 11 | 26.3 |
2005 | 7.2 | 10.2 | 17.4 |
2004 | 8.1 | 8.3 | 16.4 |
2003 | 10.5 | 9.5 | 20 |
2002 | 3.6 | 14.5 | 18.1 |
Ukraine
[edit]Israel and Ukraine signed a free trade agreement on 21 January 2019; it came into force on 1 January 2021.[54] The agreement exempted from duties goods such as industrial products, agricultural products, raw materials and more.[55][56]
Israel - Ukraine trade in thousands USD-$ [18][19][20][21][22][23][24][25] | |||
---|---|---|---|
Israel imports form Ukraine | Israel exports to Ukraine | Total trade value | |
2023 | 104.5 | 58.1 | 162.6 |
2022 | 129.3 | 78.4 | 207.7 |
2021 | 184.4 | 199 | 383.4 |
2020 | 153.3 | 134.7 | 288 |
2019 | 123.2 | 162.1 | 285.3 |
2018 | 106.6 | 166.9 | 273.5 |
2017 | 114.5 | 129.9 | 244.4 |
2016 | 107.8 | 160.9 | 268.7 |
2015 | 111.6 | 154.9 | 266.5 |
2014 | 108.6 | 298.8 | 407.4 |
2013 | 176.6 | 356.7 | 533.3 |
2012 | 214 | 294.3 | 508.3 |
2011 | 196.3 | 145.4 | 341.7 |
2010 | 139 | 111.1 | 250.1 |
2009 | 103.9 | 88.1 | 192 |
2008 | 201.5 | 195.1 | 396.6 |
2007 | 154.8 | 161.9 | 316.7 |
2006 | 170.5 | 128.3 | 298.8 |
2005 | 156.8 | 108.1 | 264.9 |
2004 | 172.4 | 97.4 | 269.8 |
2003 | 138.8 | 74.7 | 213.5 |
2002 | 110.3 | 69.7 | 180 |
United Kingdom
[edit]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.[57]
Israel - United Kingdom trade in thousands USD-$ [18][19][20][21][22][23][24][25] | |||
---|---|---|---|
Israel imports form United Kingdom | Israel exports to United Kingdom | Total trade value | |
2023 | 2908.5 | 2125.8 | 5034.3 |
2022 | 3186.8 | 3121.2 | 6308 |
2021 | 2990.2 | 2057.5 | 5047.7 |
2020 | 2973.8 | 3712.7 | 6686.5 |
2019 | 3027.1 | 4992.4 | 8019.5 |
2018 | 6151.4 | 4341.2 | 10492.6 |
2017 | 4305 | 5168.2 | 9473.2 |
2016 | 3667.9 | 3909.1 | 7577 |
2015 | 2272.4 | 3992.4 | 6264.8 |
2014 | 2333.6 | 3974.8 | 6308.4 |
2013 | 2420.9 | 3853.5 | 6274.4 |
2012 | 2598.1 | 3568.7 | 6166.8 |
2011 | 2776.7 | 3424.7 | 6201.4 |
2010 | 2246.4 | 2268.1 | 4514.5 |
2009 | 1907.2 | 1423.5 | 3330.7 |
2008 | 2519.9 | 1892.7 | 4412.6 |
2007 | 2681.4 | 1938.1 | 4619.5 |
2006 | 2458.6 | 1601.7 | 4060.3 |
2005 | 2552.1 | 1649.9 | 4202 |
2004 | 2482.8 | 1447.8 | 3930.6 |
2003 | 2283.4 | 1224.5 | 3507.9 |
2002 | 2226.8 | 1164.5 | 3391.3 |
South Korea
[edit]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.[58] The free trade agreement took effect at the end of 2022.[59][60][61]
Israel - South Korea trade in thousands USD-$ [18][19][20][21][22][23][24][25] | |||
---|---|---|---|
Israel imports form South Korea | Israel exports to South Korea | Total trade value | |
2023 | 2511.4 | 1085.7 | 3597.1 |
2022 | 2796.6 | 1304.2 | 4100.8 |
2021 | 2251.7 | 1153.7 | 3405.4 |
2020 | 1692.7 | 787.7 | 2480.4 |
2019 | 1624.6 | 706.4 | 2331 |
2018 | 1515.5 | 970.1 | 2485.6 |
2017 | 1141.9 | 886.3 | 2028.2 |
2016 | 1316.3 | 580 | 1896.3 |
2015 | 1138.2 | 575.2 | 1713.4 |
2014 | 1357.2 | 627.8 | 1985 |
2013 | 1513 | 594 | 2107 |
2012 | 1663 | 700.7 | 2363.7 |
2011 | 1607.7 | 724.1 | 2331.8 |
2010 | 1100.7 | 850.3 | 1951 |
2009 | 871.1 | 841 | 1712.1 |
2008 | 1103.2 | 818.5 | 1921.7 |
2007 | 945.4 | 746.1 | 1691.5 |
2006 | 893.6 | 650 | 1543.6 |
2005 | 852.7 | 449.8 | 1302.5 |
2004 | 759.9 | 417.7 | 1177.6 |
2003 | 579.8 | 286.9 | 866.7 |
2002 | 512.4 | 317.2 | 829.6 |
United Arab Emirates
[edit]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 $10 billion within five years.[62]
Israel and the United Arab Emirates ratified their free trade agreement on 11 December 2022.[63][64] The free trade agreement went into effect on 1 April 2023.[65][66][67]
Israel - UAE trade in thousands USD-$ [18][19][20][21][22][23][24][25] | |||
---|---|---|---|
Israel imports form United Arab Emirates | Israel exports to United Arab Emirates | Total trade value | |
2023 | 2316.3 | 630.4 | 2946.7 |
2022 | 1890.9 | 637.3 | 2528.2 |
2021 | 836.9 | 384.5 | 1221.4 |
2020 | 115.8 | 74 | 189.8 |
Guatemala
[edit]The agreement between Guatemala and Israel which was signed on 8th September 2022 and came into force on the first of March 2024 covers the following in order to promote relations and trade:[68][69]
- Rules of origin
- Mutual Administrative Assistance in Customs Matters
- Trade Cooperation
Israel - Guatemala trade in thousands USD-$ [18][19][20][21][22][23][24][25] | |||
---|---|---|---|
Israel imports form Guatemala | Israel exports to Guatemala | Total trade value | |
2023 | 3 | 27.7 | 30.7 |
2022 | 4.4 | 34.8 | 39.2 |
2021 | 4.6 | 30.5 | 35.1 |
2020 | 5.2 | 26.6 | 31.8 |
2019 | 4.2 | 23.7 | 27.9 |
2018 | 4.3 | 23.8 | 28.1 |
2017 | 3.2 | 26.6 | 29.8 |
2016 | 2.5 | 29.7 | 32.2 |
2015 | 1.8 | 27.4 | 29.2 |
2014 | 3.1 | 29.3 | 32.4 |
2013 | 2.7 | 29.1 | 31.8 |
2012 | 1.7 | 27.6 | 29.3 |
2011 | 4.8 | 31.1 | 35.9 |
2010 | 2.1 | 27.3 | 29.4 |
2009 | 4.8 | 23.3 | 28.1 |
2008 | 2.7 | 31.3 | 34 |
2007 | 3.4 | 26.5 | 29.9 |
2006 | 1 | 24.4 | 25.4 |
2005 | 1.4 | 31.6 | 33 |
2004 | 1.6 | 22.2 | 23.8 |
2003 | 2.5 | 11.8 | 14.3 |
2002 | 1.3 | 14.2 | 15.5 |
Vietnam
[edit]Negotiations for FTA were taken since 2016 until 24 July 2023 when Israel and Vietnam singed the FTA which came into force on 17 November 2024 under the objectives of Article 1.2:[70]
- Liberalize and facilitate trade in goods and services between the Parties;
- Improve investment opportunities through promotion and protection of investments and investment activities in the Parties;
- Promote cooperation and coordination for the effective enforcement of competition laws in each Party;
- Improve the business environment in each Party;
- Establish a framework to enhance closer cooperation in the fields covered by this Agreement;
- Create effective procedures for the implementation of this Agreement, and for the resolution of disputes.
The agreement comes to reduce or eliminate of customs duties, and to consider rules of origin.
Israel - Vietnam trade in thousands USD-$ [18][19][20][21][22][23][24][25] | |||
---|---|---|---|
Israel imports form Vietnam | Israel exports to Vietnam | Total trade value | |
2023 | 220.9 | 171.5 | 392.4 |
2022 | 278.2 | 175 | 453.2 |
2021 | 337.5 | 158.9 | 496.4 |
2020 | 386.9 | 159.3 | 546.2 |
2019 | 646.3 | 117.2 | 763.5 |
2018 | 612.4 | 135.3 | 747.7 |
2017 | 598.8 | 104.7 | 703.5 |
2016 | 442.3 | 1199.8 | 1642.1 |
2015 | 408.9 | 1789.2 | 2198.1 |
2014 | 380.1 | 669 | 1049.1 |
2013 | 294.1 | 678.1 | 972.2 |
2012 | 208.3 | 721 | 929.3 |
2011 | 129.8 | 340.8 | 470.6 |
2010 | 84.6 | 124.8 | 209.4 |
2009 | 71.5 | 117.6 | 189.1 |
2008 | 140 | 79.4 | 219.4 |
2007 | 64.2 | 70.9 | 135.1 |
2006 | 45.3 | 40.5 | 85.8 |
2005 | 37.2 | 35.5 | 72.7 |
2004 | 33.4 | 28.9 | 62.3 |
2003 | 23.5 | 18 | 41.5 |
2002 | 19.5 | 10.7 | 30.2 |
Signed free trade agreements
[edit]All signed free trade agreements by Israel have entered into force.
Under negotiation
[edit]he negotiations between Israel and The People's Republic of China started at September 2016.[73] Between 2016 and 2019 8 negotiation rounds were made, and the first direct talks were made in 2019.[74] The FTA was supposed to be signed during 2023 as the agreement was finalized.[75] No development since 2023.
The negotiations between Israel and the Eurasian Economic Union started in April 2018 after first discussions in November 2016. According to the Eurasian Economic Union the negotiation are at the six round to this date.[77][78] As to the December 2021, almost 3 months before the Russian invasion of Ukraine, no development was made.[79][80]
The negotiations between Israel and India started in Mai 2010, as 8 rounds of negotiations were made until November, 2013.[83][84]
The negotiations have been resumed at 2022 after talks at the end of 2021.[85][86]
Suggested agreements and early negotiations
[edit]Israel is negotiating bilateral free trade agreements with the following countries and trade blocs:
- Australia[87] - Study was made in 2021.[88]
- Bahrain[89][90] - First round of negotiations was made in 2022.[91][92]
- Costa Rica[93] - Memorandum of understanding was signed in March 2023 and start of negotiations in 2024.[94]
- Georgia[95][96][97] - Announcement was made in 2024 after study was made in 2023.[98]
- Japan[99] - Official agreement to start negotiations for FTA was made in 2022.[100][101][102]
- Moldova[103] - Early negotiations.
- Serbia[104] - Announcement by the president of Israel Isaac Herzog and the president Serbia Aleksandar Vučić in 2024.[105][106]
See also
[edit]- Economy of Israel
- Foreign relations of Israel
- Free trade area
- List of bilateral free trade agreements
- European Union Association Agreement
- Euro-Mediterranean free trade area
- Union for the Mediterranean
- Protocol on Economic Relations
- Israel Export Institute
Notes
[edit]References
[edit]- ^ "SICE: Trade Agreements: Canada - Israel Free Trade Agreement". www.sice.oas.org. Retrieved 13 May 2022.
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- ^ "SICE: Trade Agreements: Mexico-Israel Free Trade Agreement". www.sice.oas.org. Retrieved 13 May 2022.
- ^ Free Trade Agreement gov.il
- ^ https://www.gov.il/BlobFolder/policy/israel-vietnam-fta/he/sahar-hutz_agreements_vietnam_israel-vietnam-fta-en.pdf
- ^ "FTA agriculture letters" (PDF). Retrieved 30 August 2023.
- ^ Sahar Hutz Agreements gov.il
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- ^ "UAE, Israel ratify comprehensive economic partnership agreement". Reuters. 11 December 2022. Retrieved 12 December 2022.
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- ^ https://www.gov.il/BlobFolder/policy/guatemala-israel-fta/he/sahar-hutz_agreements_intro-guatemala-israel-fta.pdf
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- ^ https://www.gov.il/BlobFolder/policy/israel-vietnam-fta/he/sahar-hutz_agreements_vietnam_israel-vietnam-fta-en.pdf
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- ^ "Israel and Iran both set to join Russia-led free trade zone". The Times of Israel.
- ^ https://eec.eaeunion.org/en/comission/department/dotp/torgovye-soglasheniya/israel.php
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- ^ https://www.gov.il/he/departments/dynamiccollectors/bilateral-agreements-search?skip=0
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- ^ https://www.dfat.gov.au/trade/for-australian-business/feasibility-study-strengthening-trade-and-investment-israel-submissions
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- ^ https://www.gov.il/en/pages/israel-and-japan-take-first-steps-toward-free-trade-agreement-22-nov-2022
- ^ https://www.reuters.com/world/middle-east/israel-announces-first-step-towards-free-trade-pact-with-japan-2022-11-22/
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- ^ Haskel, Adam (1 August 2023). "Israel, Moldova kick off talks for free trade pact". JNS.org. Retrieved 1 August 2023.
- ^ https://www.srbija.gov.rs/vest/en/230713/huge-potential-for-economic-cooperation-between-serbia-israel.php
- ^ https://www.srbija.gov.rs/vest/en/230713/huge-potential-for-economic-cooperation-between-serbia-israel.php
- ^ https://www.israelhayom.co.il/news/geopolitics/article/16427437