The United States-Israel Free Trade Area (FTA) agreement took effect September 1, 1985 and is designed to stimulate trade between the United States and Israel. The agreement, which has no expiration date, provides for the elimination of duties for merchandise from Israel entering the
United States.
As of January 1, 1995, all eligible reduced rate imports
from Israel were accorded duty-free treatment. The FTA does allow the two
countries to protect sensitive agricultural subsectors with nontariff barriers
including import bans, quotas, and fees. |