Free Trade Agreement Between Us And Israel

7. The parties agree to consider, without delay, within the framework of the joint committee established by this agreement, new measures to liberalise trade, both in the area of public procurement and in the area of compensation needs. In particular, it was agreed that if the coverage of the agreement on public procurement is extended, the extension of this agreement to these purchases will be considered as a priority. 2. With regard to the issues covered in paragraph 1, the contracting parties consult all the difficulties that may arise in their agricultural trade and seek solutions to allow trade in agricultural products, provided they do not endanger the health of animals and plants. 6. In the event that temporary trade measures in paragraph 1 are implemented, consultations on the balance of payments situation will be held between the parties, including to examine other economic measures that could be taken to resolve balance-of-payments problems to allow for the early elimination of temporary trade measures. Significant strengthening of trade measures can lead to consultations between the parties. The free trade agreement between the United States and Israel is a 1985 trade pact between the State of Israel and the United States of America to reduce barriers to trade in certain goods.

The agreement reduces tariffs and, in some cases, removes all tariffs on goods exported from Israel to the United States. [1] The agreement also applies to goods exported from the Gaza Strip and the West Bank. [Clarification needed] 4. A temporary bargaining measure covered in paragraph 1 may remain in effect for a period of no more than 150 days, unless it is extended by the competent legislative body of the relevant contracting party for a later period of 150 days. Quantitative restrictions can only be extended for an additional 150 days. 7. In the event of temporary trade measures, the contracting parties will not treat imports from the other party less favourably than imports from third countries and will not compromise the relative benefits granted to the other party under this agreement. At the JC meeting in February 2016, Israel proposed to resume negotiations for a permanent agreement following the current agreement between the United States and Israel on agricultural trade (ATAP). The current ATAP is the second of two temporary ATAPs negotiated by the United States and Israel due to differences of opinion on the interpretation of the free trade agreement after the conclusion of the Uruguay Round. The first ATAP, negotiated in 1996, allowed for limited preferential tariff treatment.

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