Finance:Free trade agreements of Israel

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Free trade agreements of Israel
  Israel
  Agreement in force
  Agreement signed but waiting for approval
  Agreement in negotiations
  Agreement in discussions or proposed
  QIZ Agreement only
  Agreement suspended
  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 . Since then, Israel has signed 14 free trade agreements (free trade agreements) with 46 countries and economic blocks such as the European Union, the European Free Trade Association and Mercosur.

Free trade agreements

In force or provisionally in force

Current free trade agreements between Israel and other countries/trading blocs
Agreement name Countries/blocs involved Signed Entered into force
Israel–United States Free Trade Agreement  United States 22 April 1985 1 September 1985[1]
EFTA –Israel Free Trade Agreement[2] Template:Country data EFTA European Free Trade Association (Efree trade agreement) 17 September 1992 1 January 1993
Israel–Jordan Free Trade Agreement  Jordan 26 October 1994 25 October 1995
Israel–Mexico Free Trade Agreement[3]  Mexico 10 April 2000 1 July 2000
Canada–Israel Free Trade Agreement[4]  Canada 28 May 2018 1 September 2019
EU–Israel Free Trade Agreement European UnionEuropean Union 20 November 1995 1 June 2000
Israel–Turkey Free Trade Agreement  Turkey 14 March 1996 1 May 1997
Israel–Mercosur Free Trade Agreement[5] Template:Country data MercosurMercosur 18 December 2007 9 September 2011[lower-alpha 1]
Colombia–Israel Free Trade Agreement[6]  Colombia 30 September 2013 11 August 2020
Israel–Panama Free Trade Agreement[7]  Panama 8 May 2018 1 January 2020[8]
Israel–Ukraine Free Trade Agreement  Ukraine 21 January 2019 1 January 2021
Israel–United Kingdom Free Trade Agreement  United Kingdom 18 February 2019 1 January 2021
Israel–South Korea Free Trade Agreement  South Korea 12 May 2021 1 January 2023
Israel-UAE Free Trade Agreement  United Arab Emirates 31 May 2022 1 April 2023

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.[9][10][11][12][13][14][15] In 2017 it was further expanded to include rules of origin.[16]

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.[17][18][19]

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.[20] 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.[21][22][23][24][25][26]

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.[27] The free trade agreement was updated. in 2004[28]

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.[29] 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.[30]

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.[31]

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.[32] The free trade agreement was updated in 2006 and 2007.[33][34]

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.[35] Israel and Canada also signed an agreement on telecommunication equipment.[36] The free trade agreement was updated in 2019,[37] eliminating tariffs on goods from Israel and Canada.[38][39]

Mexico

Israel and Mexico signed a free trade agreement on 10 April 2000,[40] and updated the free trade agreement in 2008 on the matter of technology.[41]

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.[42] 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.[43]

Colombia

The free trade agreement between Israel and Colombia was signed in 2013 and came into force in 2020.[44] 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.[45][46]

Panama

The free trade agreement between Israel and Panama was signed in 2018 and came into force in 2020.[47]

Ukraine

Israel and Ukraine signed a free trade agreement on 21 January 2019; it came into force on 1 January 2021.[48] The agreement exempted from duties goods such as industrial products, agricultural products, raw materials and more.[49][50]

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.[51]

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.[52] The free trade agreement took effect at the end of 2022.[53][54][55]

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.[56]

Israel and the United Arab Emirates ratified their free trade agreement on 11 December 2022.[57][58] The free trade agreement went into effect on 1 April 2023.[59][60][61]

Signed free trade agreements

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

  •  Guatemala (8 September 2022[62])
  •  Vietnam[63] (25 July 2023[64])

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

  1. ↑ Argentina was the last Mercosur state where the agreement entered into force, on 09 September 2011

References

  1. ↑ Free Trade Agreement gov.il
  2. ↑ "Israel | European Free Trade Association" (in en). https://www.efta.int/free-trade/free-trade-agreements/israel. 
  3. ↑ "SICE: Trade Agreements: Mexico-Israel Free Trade Agreement". http://www.sice.oas.org/Trade/meis_e/isr_mexind_e.asp. 
  4. ↑ "SICE: Trade Agreements: Canada - Israel Free Trade Agreement". http://www.sice.oas.org/Trade/can-isr/CAN_ISR_2018_index_e.asp. 
  5. ↑ "SICE: Trade Agreements: MERCOSUR-Israel". http://www.sice.oas.org/Trade/MER_ISR/Index_e.asp. 
  6. ↑ "SICE: Trade Policy Developments: Colombia-Israel". http://www.sice.oas.org/TPD/COL_ISR/COL_ISR_e.ASP#:~:text=On%2010%20June%202013,%20in,force%20on%20August%2011,%202020.. 
  7. ↑ "SICE: Trade Policy Developments: Panama-Israel". http://www.sice.oas.org/TPD/PAN_ISR/PAN_ISR_e.asp#:~:text=The%20Panama-Israel%20Free%20Trade,,%202018%20in%20Jerusalem,%20Israel.&text=On%20September%204,%202019,%20Panama%27s,approved%20the%20Panama-Israel%20FTA.. 
  8. ↑ "Israel-Panama free trade agreement enters into force" (in en-US). https://www.jpost.com/israel-news/israel-panama-free-trade-agreement-enters-into-force-613165. 
  9. ↑ "FTA agriculture letters". https://www.gov.il/BlobFolder/policy/fta-isr-usa/he/sahar-hutz_agreements_usa-fta-agriculture-letters.pdf. Retrieved 30 August 2023. 
  10. ↑ Sahar Hutz Agreements gov.il
  11. ↑ Sahar Hutz Agreements gov.il
  12. ↑ Sahar Hutz Agreements gov.il
  13. ↑ Sahar Hutz Agreements gov.il
  14. ↑ Sahar Hutz Agreements gov.il
  15. ↑ Mutual recognition agreement gov.il
  16. ↑ Sahar Hutz Agreements gov.il
  17. ↑ Sahar Hutz Agreements gov.il
  18. ↑ Sahar Hutz Agreements gov.il
  19. ↑ Sahar Hutz Agreements gov.il
  20. ↑ Sahar Hutz Agreements gov.il
  21. ↑ Sahar Hutz Agreements gov.il
  22. ↑ "Annex I Excluded Products". https://www.gov.il/BlobFolder/policy/israel-efta-free-trade-agreement/he/sahar-hutz_agreements_efta-fta-hesber-Annex-I-Excluded-Products-2018.pdf. 
  23. ↑ "Annex 2". https://www.gov.il/BlobFolder/policy/israel-efta-free-trade-agreement/he/sahar-hutz_agreements_efta-fta-annex-2.pdf. 
  24. ↑ Israel Switzerland Agreement gov.il
  25. ↑ Sahar Hutz Agreements gov.il
  26. ↑ Israel Norway agreement gov.il
  27. ↑ Sahar Hutz Agreements gov.il
  28. ↑ Updated protocol gov.il
  29. ↑ "Euro FTA Agreement". https://www.gov.il/BlobFolder/policy/eu-isr-fta/he/sahar-hutz_agreements_euro-fta-agreement-en.pdf. 
  30. ↑ Sahar Hutz Agreements gov.il
  31. ↑ Euro ACAA gov.il
  32. ↑ Sahar Hutz Agreements gov.il
  33. ↑ Sahar Hutz Agreements gov.il
  34. ↑ "Joined committee". https://www.gov.il/BlobFolder/policy/free-trade-area-agreement-israel-turkey/he/sahar-hutz_agreements_Turkey-joined-committee2007.pdf. 
  35. ↑ Canada FTA 1997 gov.il
  36. ↑ Sahar Hutz Agreements gov.il
  37. ↑ "Canada-Israel Free Trade Agreement – Table of Contents". Gac. 23 August 2013. https://www.international.gc.ca/trade-commerce/trade-agreements-accords-commerciaux/agr-acc/israel/fta-ale/text-texte/toc-tdm.aspx?lang=eng. 
  38. ↑ Sahar Hutz Agreements gov.il
  39. ↑ Sahar Hutz Agreements gov.il
  40. ↑ Sahar Hutz Agreements gov.il
  41. ↑ FTA Update gov.il
  42. ↑ Sahar Hutz Agreements gov.il
  43. ↑ "Joint Committee". https://www.gov.il/BlobFolder/policy/israel-mercosur-free-trade-agreement/he/sahar-hutz_agreements_Decision-Israel-Mercosor-Joint-Committee-2012.pdf. 
  44. ↑ Sahar Hutz Agreements gov.il
  45. ↑ Colombia industry benefits gov.il
  46. ↑ Sahar Hutz Agreements gov.il
  47. ↑ Sahar Hutz Agreements Panama gov.il
  48. ↑ Israel Ukraine FTA gov.il
  49. ↑ Sahar Hutz Agreements gov.il
  50. ↑ FTA Import concessions gov.il
  51. ↑ Sahar Hutz Agreements gov.il
  52. ↑ "Israel-South Korea free trade deal to take effect Dec. 1". Reuters. 28 September 2022. https://www.reuters.com/markets/israel-south-korea-free-trade-deal-take-effect-dec-1-2022-09-28/#:~:text=The%20free%20trade%20deal%2C%20signed,Korea%20will%20be%20duty%20free.. 
  53. ↑ "New S.Korea-Israel free trade agreement comes into effect" (in en-US). https://www.jpost.com/business-and-innovation/article-725034. 
  54. ↑ "i24NEWS". 29 September 2022. https://www.i24news.tv/en/news/israel/diplomacy/1664425713-israel-s-korea-free-trade-deal-to-take-effect-december-1. 
  55. ↑ Haskel, Adam (2022-09-29). "Israel-South Korea free trade agreement passes final hurdle" (in en-US). https://www.jns.org/israel-south-korea-free-trade-agreement-passes-final-hurdle/. 
  56. ↑ Cornwell, Alexander (2022-05-31). "Israel, UAE boost ties with free trade pact" (in en). Reuters. https://www.reuters.com/world/middle-east/israel-uae-sign-free-trade-deal-ambassador-2022-05-31/. 
  57. ↑ "UAE, Israel ratify comprehensive economic partnership agreement" (in en). Reuters. 2022-12-11. https://www.reuters.com/world/middle-east/uae-israel-ratify-comprehensive-economic-partnership-agreement-minister-2022-12-11/. 
  58. ↑ Algemeiner, The. "A 'Major Boost': Israel, UAE Ratify Free Trade Deal" (in en-US). https://www.algemeiner.com/2022/12/11/a-major-boost-israel-uae-ratify-free-trade-deal/. 
  59. ↑ "Israel, UAE sign free trade pact into effect" (in en-GB). 2023-03-26. https://www.middleeastmonitor.com/20230326-israel-uae-sign-free-trade-pact-into-effect/. 
  60. ↑ "Israel-UAE free trade deal takes force as customs agreement inked in Jerusalem" (in en-CA). https://www.msn.com/en-ca/news/world/israel-uae-free-trade-deal-takes-force-as-customs-agreement-inked-in-jerusalem/ar-AA196qxv. 
  61. ↑ "Israel-UAE deal to take effect Apr 1" (in en). 2023-03-28. https://www.manilatimes.net/2023/03/28/business/foreign-business/israel-uae-deal-to-take-effect-apr-1/1884556. 
  62. ↑ "I24NEWS". 8 September 2022. https://www.i24news.tv/en/news/israel/economy/1662656673-israel-guatemala-sign-free-trade-agreement. 
  63. ↑ "Departments". https://embassies.gov.il/hanoi/AboutIsrael/Economic-Trade-Affairs/Pages/Departments.aspx. 
  64. ↑ Vu, Khanh; Nguyen, Phuong (2023-07-25). "Vietnam and Israel sign free trade agreement" (in en). Reuters. https://www.reuters.com/world/middle-east/vietnam-israel-sign-free-trade-agreement-2023-07-25/. 
  65. ↑ "Australia-Israel Free Trade Agreement". 3 March 2021. https://israeltrade.org.au/australia-israel-free-trade-agreement/. 
  66. ↑ "Israel, Bahrain hope to seal free trade deal by end of year" (in en). Reuters. 2022-10-31. https://www.reuters.com/world/middle-east/israel-bahrain-hope-seal-free-trade-deal-by-end-year-2022-10-31/. 
  67. ↑ "Israel, Bahrain hope to seal free trade agreement by end of year" (in en). 2022-10-31. https://english.alarabiya.net/News/middle-east/2022/10/31/Israel-Bahrain-hope-to-seal-free-trade-agreement-by-end-of-year. 
  68. ↑ "Israel-China free-trade pact seen imminent". Globes. 9 September 2020. https://en.globes.co.il/en/article-israel-china-free-trade-pact-imminent-1001342099. 
  69. ↑ "Israel on way to free trade with China, India, UAE". Globes. 22 March 2022. https://en.globes.co.il/en/article-israel-on-way-to-free-trade-with-china-india-uae-1001406593. 
  70. ↑ "Israel and Iran both set to join Russia-led free trade zone". https://www.timesofisrael.com/israel-and-iran-both-set-to-join-russia-led-free-trade-zone/. 
  71. ↑ "Israel on way to free trade with China, India, UAE". Globes. 22 March 2022. https://en.globes.co.il/en/article-israel-on-way-to-free-trade-with-china-india-uae-1001406593. 
  72. ↑ "FTA can take India-Israel friendship to the next level | India News - Times of India". https://timesofindia.indiatimes.com/india/namaste-shalom-to-friendship/articleshow/89184398.cms. 
  73. ↑ "Israel and Japan in Talks to Enter a Free Trade Agreement". 15 January 2019. https://www.calcalistech.com/ctech/articles/0,7340,L-3754321,00.html. 
  74. ↑ Haskel, Adam (2023-08-01). "Israel, Moldova kick off talks for free trade pact" (in en-US). https://www.jns.org/israel-news/moldova/23/7/31/306585/. 
  75. ↑ "UK and Israel heading for second round of free trade agreement negotiations". Jewish News. 11 January 2022. https://www.jewishnews.co.uk/uk-and-israel-heading-for-second-round-of-free-trade-agreement-negotiations/. 
  76. ↑ UK-Israel Free Trade Agreement: Strategic Approach (Report). July 2022. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1091812/uk-israel-free-trade-agreement-the-uk-strategic-approach.pdf. 
  77. ↑ "Georgia, Israel discuss further improving bilateral ties in various fields". https://www.aa.com.tr/en/europe/georgia-israel-discuss-further-improving-bilateral-ties-in-various-fields/2969715. 
  78. ↑ "FTA talks with Israel to launch next year, our ties strengthen, Georgian PM says" (in en-US). https://1tv.ge/lang/en/news/free-trade-agreement-talks-with-israel-to-launch-next-year-our-ties-strengthen-georgian-pm-says/. 
  79. ↑ "Relations between Georgia, Israel developing “dynamically” - Georgian Ambassador to country". https://agenda.ge/en/news/2023/3114. 

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