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the agreement, and subject to rules of origin, Israel’s industrial exports to the EUare exempt from customs duties and other import restrictions. Israel haseliminated all duties on industrial imports from the EU.Israel-USA Free Trade AgreementIsrael and the USA signed a Free Trade Agreement which was fully implementedon January 1, 1995. The agreement, subject to rules of origin (which are differentfrom those of the EU agreement), eliminates all import duties and traderestrictions between the two countries.Israel-OECD MembershipOn May 2010, the Organization for Economic Co-operation and Development(OECD) accepted Israel as a full member in the organization.LandThe Israel Lands Administration (ILA) is responsible for managing land owned bythe State of Israel, Keren Kayemet Le'Yisrael (Jewish National Fund, KKL), andRashut Pituach (Development Authority), comprising 93% of the land in Israel.Land managed by the ILA is considered to be State-owned and is generally soldor leased on the basis of issuing tenders.

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