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NEWS
STATISTICS SHOW: MULTINATIONALS CENTRAL TO ISRAEL'S BUSINESS R&D

08/2014
YAHOO ACQUIRES ISRAELI STREAMING TECHNOLOGY COMPANY, RAYV

08/2014
JAPAN & ISRAEL DEEPEN R&D TIES

08/2014
U.S. TECH GIANT SNATCHES ISRAELI WILOCITY

08/2014
Q2 SEES SPIKE IN FUNDRAISING ROUNDS FOR ISRAELI STARTUPS

08/2014
ISRAEL'S NASDAQ PRESENCE GROWS

08/2014
ISRAELI GAMING DELEGATION TAKES NORTH AMERICAN ROAD TRIP

08/2014
NEW INCENTIVES TO ENCOURAGE INVESTMENT IN EARLY-STAGE START-UPS

08/2014
JVP AND MICROSOFT VENTURES LAUNCH CYBER ACCELERATOR

07/2014
EU AND ISRAEL SIGN HORIZON 2020

07/2014
OFFICE OF THE CHIEF SCIENTIST LAUNCHES NEW TECH INCUBATORS

07/2014
STARBUCKS INSTALLS ISRAELI POWERMAT TECHNOLOGIES

07/2014
VIETNAM INVESTIGATES ISRAELI AGROTECH

07/2014
EU DELEGATION BRINGS 35 COMPANIES TO EXPLORE OPPORTUNITY IN ISRAEL

07/2014
NEW RESEARCH COLLABORATIONS WITH FRANCE, CALIFORNIA

07/2014
ARGO RE-WALK CLEARED FOR HOME-USE BY FDA

07/2014
ISRAEL TOPS 2014 GLOBAL CLEANTECH INNOVATION INDEX

07/2014
EVENTS
INTERNATIONAL ECONOMIC AGREEMENTS

Israel's extensive network of international trade and economic cooperation agreements includes Free Trade Area agreements, R&D programs, agreements for the protection of investments and treaties for the avoidance of double taxation. Following a thorough unilateral trade liberalization program, implemented in the early 1990's to expose domestic industry to foreign competition, Israeli trade policy aims to continue the expansion of its network of bilateral trade agreements.

 

Free Trade Agreements (FTA)

 

Free trade agreements serve to facilitate international trade in merchandise by eliminating or reducing tariffs and other trade barriers between the participating parties.

 

Israel enjoys FTAs with North America and most of Western Europe that cover close to 80% of Israel's foreign trade.

 

Israel has signed an association agreement with the European Union. The FTA provides for import-duties exemptions for most Israeli-made products arriving in the EU.

 

Complementing its EU agreement, Israel has also concluded FTAs with the EFTA countries, as well as with Turkey.

 

Across the Atlantic, Israel has signed separate FTAs with all 3 NAFTA member countries the U.S.A., Canada and Mexico.

 

Israel recently signed a historical free trade agreement with MERCOSUR, the Latin American regional trade union (comprising of Brazil, Argentina, Uruguay and Paraguay)

 

Israel has signed an Agreement on Trade and Economic Cooperation with the Kingdom of Jordan which includes significant tariff reductions in bi-lateral trade

 

International R&D Programs

 

Similar to its trade agreement program, Israel has developed an extensive network of international R&D accords that foster industrial and technological cooperation with many countries

 

Bi-national  R&D funds: These funds have proven to be remarkably successful and effective in supporting joint R&D projects to the mutual benefit of both parties. Each has its own independent administration and budget provided by the respective governments. Israel has established bi-national funds with the U.S.A, Britain, Canada, Singapore and Korea as well as with the Province of Ontario in Canada and the State of Victoria in Australia.

 

Bi-national R&D Agreements: These agreements support joint R&D projects through the appropriate authorities in the respective countries. In Israel, the Office of the Chief Scientist in the Ministry of Industry, Trade and Labor is the responsible authority for implementing these agreements.  Israel has concluded such agreements with 13 countries including: France, Germany, Italy, India, China and more.

 

E.U. Sixth Framework Program: This program is the prime vehicle for Research and Technological Development of the European Union. Israel is the only non-European Associated State participating as an equal member in the program.

 

Treaties for the Avoidance of Double Taxation

 

Treaties for the Avoidance of Double Taxation are aimed at reducing tax impediments to cross-border trade and investment. Israel has concluded treaties with 40 countries including: the U.S.A., Brazil, Canada, China, France, Germany, Italy, Japan, the Netherlands and Russia.

 

Agreements for the Protection of Investments

 

These international agreements are designed to promote and legally protect the flow of capital for the productive sector with regard to direct foreign investment (FDI) on the basis of reciprocity. Israel has concluded agreements with over 30 countries including: Argentina, China, Germany, India, Kazakhstan, Poland, Romania, South Korea, Turkey, South Africa and more.

 

International Institutions

 

Israel has been a member of the WTO since its establishment in 1995.

 

Israel is one of the signatories of the WTO Government Procurement Agreement (GPA), which offers mutual market access for government purchase to its members.

 

Israel is an observer and active participant in several committees and working parties within the OECD, including the Industry Committee and the Committee on Science and Technology Policy. Israel has recently been chosen as a membership candidate with the OECD.

 

Israel is also a member of the 35 country Euro-Mediterranean Partnership, a framework for political, economic and social relations between European and non-European Mediterranean states.

 

Israels Trade Policy Goals

 

Expand the network of international agreements designed to promote trade.

 

Facilitate market access and neutralize non-tariff barriers.

 

Deepen economic activities in old and new markets.

 

Improve Israels export and investment promotion infrastructure.

 

Create an attractive climate for potential investors.

 

Enhance the competitiveness of Israeli industry in domestic and foreign markets.

 

 

 

Download the complete list of Israel's Economic Agreements

 

Additional information at the Ministry of Finance's website


Last modified: 6/9/2011 pic