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NEWS
WIX PLAYS TO WIN AT THE SUPERBOWL

12/2014
NANOTECHNOLOGY HITS THE NEGEV IN A BIG WAY

12/2014
NOVOCURE, AT THE FRONTLINES OF THE BATTLE AGAINST BRAIN CANCER

12/2014
TEL AVIV NAMED THE WORLD'S SMARTEST CITY IN 2014

12/2014
TOYOTA SEEKS TO "HACK" THE ISRAELI INNOVATION SPIRIT

12/2014
ISRAELI BREEZOMETER APP NAMED AMONG THE "HOTTEST TOP 20" BY CNBC

12/2014
CHINA AND ISRAEL COLLABORATE TO ADVANCE THE WORLD'S FIRST "WATER CITY"

12/2014
MICROSOFT ACQUIRES ISRAELI CYBER SECURITY STARTUP, AORATO

12/2014
ISRAELI CONTENT DELIVERY POWERHOUSE, OUTBRAIN, FILES CONFIDENTIALLY ON NASDAQ

12/2014
GLOBAL GIANT 3M TO INITIATE ISRAEL R&D CENTER

11/2014
US DEPARTMENT OF DEFENSE TO AWARD $100,000 TO BEST ISRAELI ANTI-TERROR STARTUP

11/2014
GERMAN MEDIA GIANT PROSIEBENSAT.1 TAPS ISRAELI INGENUITY

11/2014
ISRAELI CHIEF SCIENTIST MEETS WITH BRITISH MINISTERS

11/2014
ISRAELI TECHNOLOGY IN BATTLE AGAINST EBOLA

11/2014
CHINESE PHARMA TITAN WUXI LANDS IN ISRAEL

11/2014
REVERSING THE BRAIN DRAIN

11/2014
RECORD YEAR FOR OFFERINGS BY ISRAELI COMPANIES

11/2014
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