preface
preface
preface
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5.4.2. Israel-USA Free Trade Area Agreement<br />
BDO Israel<br />
DOING BUSINESS IN ISRAEL<br />
In 1985, Israel and the United States entered into the Free Trade Area<br />
Agreement. This Agreement was fully implemented on January 1, 1995.<br />
The Agreement eliminates all import duties and non-tariff barriers<br />
between Israel and the United States. The Agreement allows non-tariff<br />
restrictions on agricultural products.<br />
“Rules of origin” exist, which are different from those of the European<br />
Agreement, to determine products’ eligibility to benefits from this<br />
Agreement.<br />
5.4.3. Israel-EFTA Free Trade Area Agreement<br />
The Agreement between Israel and EFTA countries became effective on<br />
January 1, 1993. The Agreement is intended to eliminate or reduce<br />
duties, mainly on industrial goods, and also to reduce non-tariff barriers.<br />
This Agreement has its own “rules of origin” as well, different from<br />
those of the above mentioned agreements.<br />
5.4.4. Israel-Canada Free Trade Agreement<br />
A Free Trade Area Agreement between Israel and Canada was signed in<br />
July 1996 and became effective on January 1, 1997. The Agreement<br />
expresses the parties’ intention to gradually eliminate duties on<br />
industrial goods and some agricultural products.<br />
The Agreement with Canada offers special advantages, since both<br />
parties have entered into FTA Agreements with the United States,<br />
enabling Israel to include United States origin components in its exports<br />
to Canada, and Canadian components in its exports to the United States,<br />
without breaching any “rules of origin”.<br />
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