Israel has signed FTAs with Canada, Colombia, EFTA, Egypt, the EU, Jordan, Mercosur, Mexico, Panama, Sri Lanka, Turkey, the US and Vietnam. It is currently negotiating an FTA with India, slated for completion in 2012, and is still eyeing possible deals with Colombia, South Korea, Russia, Thailand and the Ukraine.
last update: Septiembre 2016
photo: BDS Colombia
Israel is examining the idea of upgrading its relations with the European Union and gaining the status of Norway and Switzerland, which although not members of the EU have free passage for people, capital and merchandise between them and the rest of the EU countries.
Despite its commitments under the Association Agreement and the European Neighbourhood Policy, the EU commissioner for external relations said, Israel "has not yet made up its mind how to work with us."
The newly signed agreement intends to improve supervision on compliance with rules of origin under the qualified industrial zones (QIZ) treaty.
Israel is considering a free trade agreement (FTA) with India to reach a bilateral trade target of $5 billion, deputy Prime Minister and Minister for Trade and Industry Eliyahu Yishai has said.
Israel and Mercosur (Mercado Comun del Sur, the Common Market of the South, comprising Brazil, Argentina, Uruguay, and Paraguay) are making progress in negotiations for a free-trade agreement. Mercosur and Israel representatives held intensive discussions last week.
A free trade agreement between Israel and Mercosur took another step towards realization recently with the closure of a second round of talks.
Israel has initiated negotiations for a free-trade agreement with Mercosur. Ministry of Industry, Trade and Labor director general Raanan Dinur said, “This is one of the most important steps Israel has taken in foreign trade in recent years.”
Israel and Hungary have signed an economic cooperation agreement and a statement of intent on cooperation in R&D.
Israel signed an agreement to expand trade with a South American free-trade alliance. The deal is aimed at eventually creating a free-trade area between Israel and MERCOSUR, which encompasses Brazil, Argentina, Paraguay, Uruguay and Venezuela.
At the end of last week, Minister of Finance and Industry, Trade and Labor Ehud Olmert met with Brazil’s State of Sao Paolo Governor Geraldo Alckmin in order to promote a free trade region with the Mercosur bloc (Mercado Comun del Sur), comprising Brazil, Argentina, Uruguay, and Paraguay. The signing of a framework agreement is expected in December.