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Free trade agreements of Israel

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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.

Free trade agreements

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

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Agreement name Countries/blocs Start of negotiations Date of signature Approval and entry into force Status Updates
 Australia February 2021 - - -
 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 March 2023 -
 Eurasian Economic Union April 2018 -
EFTA –Israel Free Trade Agreement[2] European Free Trade Association European Free Trade Association 17 September 1992 1 January 1993 In power 2018
EU–Israel Free Trade Agreement European Union European Union 20 November 1995 1 June 2000 In power 2010
2013
Georgia (country) Georgia 2024 - - -
Guatemala–Israel Free Trade Agreement Guatemala Guatemala 29 August 2019 8 September 2022 1 March 2024 In power
India India May 2010 - - -
Japan Japan January 2019 - - -
Israel–Jordan Free Trade Agreement  Jordan 1994 26 October 1994 25 October 1995 In power 2004
Israel–Mercosur Free Trade Agreement[3] Mercosur 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 Moldova 1 August 2023 - - -
Israel–Panama Free Trade Agreement Panama Panama 26 November 2015 8 May 2018 1 January 2020 In power
Israel–South Korea Free Trade Agreement South Korea South Korea May 2016 12 May 2021 1 January 2023 In power
Israel–Turkey Free Trade Agreement Turkey Turkey 14 March 1996 1 May 1997 In power 2006
2007
Israel–Ukraine Free Trade Agreement Ukraine Ukraine 2012 21 January 2019 1 January 2021 In power
Israel-UAE Free Trade Agreement United Arab Emirates United Arab Emirates November 2021 31 May 2022 1 April 2023 In power
Israel–United Kingdom Trade Continuity Agreement United Kingdom 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  Vietnam 2016 24 July 2023 - Signed

In force or provisionally in force

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United States of America

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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

Under negotiation

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

Exploratory discussions

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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

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Notes

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References

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  1. ^ "SICE: Trade Agreements: Canada - Israel Free Trade Agreement". www.sice.oas.org. Retrieved 13 May 2022.
  2. ^ "Israel | European Free Trade Association". www.efta.int. Retrieved 13 May 2022.
  3. ^ "SICE: Trade Agreements: MERCOSUR-Israel". www.sice.oas.org. Retrieved 13 May 2022.
  4. ^ "SICE: Trade Agreements: Mexico-Israel Free Trade Agreement". www.sice.oas.org. Retrieved 13 May 2022.
  5. ^ Free Trade Agreement gov.il
  6. ^ "FTA agriculture letters" (PDF). Retrieved 30 August 2023.
  7. ^ Sahar Hutz Agreements gov.il
  8. ^ Sahar Hutz Agreements gov.il
  9. ^ Sahar Hutz Agreements gov.il
  10. ^ Sahar Hutz Agreements gov.il
  11. ^ Sahar Hutz Agreements gov.il
  12. ^ Mutual recognition agreement gov.il
  13. ^ Sahar Hutz Agreements gov.il
  14. ^ Sahar Hutz Agreements gov.il
  15. ^ Sahar Hutz Agreements gov.il
  16. ^ Sahar Hutz Agreements gov.il
  17. ^ Sahar Hutz Agreements gov.il
  18. ^ Sahar Hutz Agreements gov.il
  19. ^ "Annex I Excluded Products" (PDF). Retrieved 30 August 2023.
  20. ^ "Annex 2" (PDF). Retrieved 30 August 2023.
  21. ^ Israel Switzerland Agreement gov.il
  22. ^ Sahar Hutz Agreements gov.il
  23. ^ Israel Norway agreement gov.il
  24. ^ Sahar Hutz Agreements gov.il
  25. ^ Updated protocol gov.il
  26. ^ "Euro FTA Agreement" (PDF). Retrieved 30 August 2023.
  27. ^ Sahar Hutz Agreements gov.il
  28. ^ Euro ACAA gov.il
  29. ^ Sahar Hutz Agreements gov.il
  30. ^ Sahar Hutz Agreements gov.il
  31. ^ "Joined committee" (PDF). Retrieved 30 August 2023.
  32. ^ Canada FTA 1997 gov.il
  33. ^ Sahar Hutz Agreements gov.il
  34. ^ "Canada-Israel Free Trade Agreement – Table of Contents". Gac. 23 August 2013.
  35. ^ Sahar Hutz Agreements gov.il
  36. ^ Sahar Hutz Agreements gov.il
  37. ^ Sahar Hutz Agreements gov.il
  38. ^ FTA Update gov.il
  39. ^ Sahar Hutz Agreements gov.il
  40. ^ "Joint Committee" (PDF). Retrieved 30 August 2023.
  41. ^ Sahar Hutz Agreements gov.il
  42. ^ Colombia industry benefits gov.il
  43. ^ Sahar Hutz Agreements gov.il
  44. ^ Sahar Hutz Agreements Panama gov.il
  45. ^ Israel Ukraine FTA gov.il
  46. ^ Sahar Hutz Agreements gov.il
  47. ^ FTA Import concessions gov.il
  48. ^ Sahar Hutz Agreements gov.il
  49. ^ "Israel-South Korea free trade deal to take effect Dec. 1". Reuters. 28 September 2022.
  50. ^ "New S.Korea-Israel free trade agreement comes into effect". The Jerusalem Post | JPost.com. 17 December 2022. Retrieved 23 March 2023.
  51. ^ "i24NEWS". www.i24news.tv. 29 September 2022. Retrieved 23 March 2023.
  52. ^ Haskel, Adam (29 September 2022). "Israel-South Korea free trade agreement passes final hurdle". JNS.org. Retrieved 23 March 2023.
  53. ^ Cornwell, Alexander (31 May 2022). "Israel, UAE boost ties with free trade pact". Reuters. Retrieved 4 December 2022.
  54. ^ "UAE, Israel ratify comprehensive economic partnership agreement". Reuters. 11 December 2022. Retrieved 12 December 2022.
  55. ^ Algemeiner, The. "A 'Major Boost': Israel, UAE Ratify Free Trade Deal". Algemeiner.com. Retrieved 12 December 2022.
  56. ^ "Israel, UAE sign free trade pact into effect". Middle East Monitor. 26 March 2023. Retrieved 27 March 2023.
  57. ^ "Israel-UAE free trade deal takes force as customs agreement inked in Jerusalem". MSN. Retrieved 27 March 2023.
  58. ^ "Israel-UAE deal to take effect Apr 1". The Manila Times. Agence France-Presse. 28 March 2023. Retrieved 28 March 2023.
  59. ^ "I24NEWS". 8 September 2022.
  60. ^ "Departments".
  61. ^ Vu, Khanh; Nguyen, Phuong (25 July 2023). "Vietnam and Israel sign free trade agreement". Reuters. Retrieved 25 July 2023.
  62. ^ "Australia-Israel Free Trade Agreement". 3 March 2021.
  63. ^ "Israel, Bahrain hope to seal free trade deal by end of year". Reuters. 31 October 2022. Retrieved 17 November 2022.
  64. ^ "Israel, Bahrain hope to seal free trade agreement by end of year". Al Arabiya English. 31 October 2022. Retrieved 17 November 2022.
  65. ^ "Israel-China free-trade pact seen imminent". Globes. 9 September 2020.
  66. ^ "Israel on way to free trade with China, India, UAE". Globes. 22 March 2022.
  67. ^ https://www.inn.co.il/news/596945 [bare URL]
  68. ^ "Israel and Iran both set to join Russia-led free trade zone". The Times of Israel.
  69. ^ "Israel on way to free trade with China, India, UAE". Globes. 22 March 2022.
  70. ^ "FTA can take India-Israel friendship to the next level | India News - Times of India". The Times of India.
  71. ^ "Israel and Japan in Talks to Enter a Free Trade Agreement". 15 January 2019.
  72. ^ Haskel, Adam (1 August 2023). "Israel, Moldova kick off talks for free trade pact". JNS.org. Retrieved 1 August 2023.
  73. ^ Hands, Gregg (1 May 2024). "Israel Trade Negotiations Update". UK Parliament. Archived from the original on 1 May 2024. Retrieved 1 May 2024.
  74. ^ Harpin, Lee (1 May 2024). "Downing Street says no link between Israel trade negotiations and Gaza military action". Jewish News. Archived from the original on 1 May 2024. Retrieved 1 May 2024.
  75. ^ "Georgia, Israel discuss further improving bilateral ties in various fields". www.aa.com.tr. Retrieved 15 September 2023.
  76. ^ "FTA talks with Israel to launch next year, our ties strengthen, Georgian PM says". 1TV. Retrieved 15 September 2023.
  77. ^ "Relations between Georgia, Israel developing "dynamically" - Georgian Ambassador to country". Agenda.ge. Retrieved 15 September 2023.
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