Blog

Latest Industry News

Us Israel Free Trade Agreement Text

7. The parties agree to consider, without delay, within the framework of the joint committee established by this agreement, new measures to liberalise trade, both in the area of public procurement and in the area of compensation needs. In particular, it was agreed that if the coverage of the agreement on public procurement is extended, the extension of this agreement to these purchases will be considered as a priority. NOTE: Effective January 1, 1995, all tariffs on the vast majority of Israeli exports to the United States were eliminated. With regard to certain agricultural products, Israel retains, in accordance with existing WTO obligations, its full customs status for these products. In addition, for certain products defined in the U.S.-Israel agriculture trade agreement, signed on November 4, 1996, Israel benefits from duty-free quotas beyond WTO obligations. SEE FULL TEXT OF U.S.-ISRAEL AGRICULTURAL AGREEMENT INCLUDED SEPARATELY. Signed in 1985 by the United States and Israel, the Free Trade Agreement (FTA) offers American products the opportunity to compete on an equal footing with European products, all of which have free access to Israeli domestic markets. Israel was the first country to enter into a free trade agreement with the United States and the free trade agreement served as a model for future agreements between the United States and Canada, Jordan and Mexico. The parties reaffirm their respective rights and obligations with respect to other existing bilateral and multilateral agreements, including the Friendship, Trade and Navigation Treaty between the United States and Israel and the GATT. If there is disagreement between the provisions of this agreement and the existing agreements, the provisions of this agreement are given priority.

1. a. Where a dispute arises over the interpretation of this agreement or if one party considers that the other party has fulfilled its obligations under this agreement, the dispute resolution mechanism described in this section may refer to the dispute resolution mechanism described in this section. In addition, the dispute resolution mechanism can also be used where one party considers that the actions taken by the other party, including the breach of the schedule and subsidies, significantly distort the commercial benefits conferred by this agreement or significantly compromise the fundamental objectives of this agreement. This paragraph does not apply to the institution of anti-dumping or countervailing duties. seeking to establish bilateral free trade between the two nations by removing trade barriers; Israeli products are marketed duty-free in the United States. Some tariff positions can be tracked using the Ministry of Commerce`s tariff instrument. The Joint Committee between the United States and Israel (JC) is the central oversight body for the free trade agreement. At its last meeting in February 2016, the JC discussed possible new cooperation efforts to increase bilateral trade and bilateral investment. During the meeting, the United States and Israel noted progress in examining a number of regulatory and customs barriers specific to bilateral trade and agreed to continue to support existing dialogues on these issues.

3. In order to ensure a harmonious development of agricultural trade, the Joint Committee, in accordance with Article 17, paragraph 3, paragraph b), sets up a working group which, at the request of one of the contracting parties, is responsible for examining the issues relating to paragraphs 1 and 2 of this article. 3. If, in the opinion of the importing party, the importation of a product from the other contracting party is not a major cause of the serious injury or threat under paragraph 1, the importing party may exempt the product from the other party from any import facility that may be imposed on imports of that product from third countries. , taking into account the objective of bilateral free trade, national legislation and the international obligations of the parties set out in this agreement.

Back to top