Agreement On The Establishment Of A Free Trade Area Between The Government Of Israel

Posted: December 2, 2020 in Uncategorized

Non-tariff barriers remain in the areas of intellectual property rights, technical standards and regulations, as well as the lack of transparency in government tendering procedures. In addition, tariff and non-tariff barriers continue to affect some of U.S. agricultural exports. As a result, the United States and Israel signed an Agricultural Trade Agreement (ATAP) in 1996 that established a gradual and steady liberalization of access to food and agricultural markets effective December 31, 2001. Negotiations and the implementation of an ATAP successor were completed in 2004. It came into effect on December 31, 2008 and was extended until December 31, 2010 and again until December 31, 2011. In bilateral economic relations, the United States is Israel`s largest trading partner and Israel is the 24th largest trading partner of the United States. With a trade deficit of $8 billion in 2014, total goods imported into the United States amounted to US$23 billion and goods exported to US$15 billion. [6] The main imports and exports between the United States and Israel are precious stones/diamonds, machinery, pharmaceuticals, medical investments and agricultural products. Major U.S. imports from Israel totaled $9.4 billion in 2014 and $4.6 billion in drugs. In 2014, imports of machinery, electrical machinery and optical/medical instruments amounted to approximately $1.5 billion. [7] The Free Trade Agreement between the United States and Israel is a 1985 trade pact between the State of Israel and the United States of America to reduce barriers to trade in certain products.

The agreement reduces tariffs and, in some cases, removes all tariffs on goods exported from Israel to the United States. [1] The agreement also applies to goods exported from the Gaza Strip and the West Bank. [Clarification needed] At the JC meeting in February 2016, Israel proposed to resume negotiations for a permanent agreement following the current agreement between the United States and Israel on agricultural trade (ATAP). The current ATAP is the second of two temporary ATAPs negotiated by the United States and Israel due to differences of opinion on the interpretation of the free trade agreement after the conclusion of the Uruguay Round. The first ATAP, negotiated in 1996, allowed for limited preferential tariff treatment. In 2004, ATAP gained modest additional access to additional markets for U.S. agricultural products. This ATAP was not to remain in force until December 2008, but the United States and Israel have since renewed the ATAP every year in 2004 to allow the negotiation of a successor agreement.

Israel continues to revise its standards regime to significantly increase the recognition of standards of internationally recognized standards bodies, including U.S. standards. The 2014 Israeli Law facilitated the importation into Israel of a wide range of U.S. products and adopted more than 30 international standards developed by the United States.

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