The deal allows Egyptians to export to the US tariff-free as long as they use a certain percentage of Israeli goods. The US initiative is intended to foster peace through trade. Qiz's impact on thawing the political relations is questionable. But, for Egyptian garment producers, it has meant a chance to stand up to the competition posed by Asian producers.
Ukraine plans to start free trade talks with Israel in the first quarter of 2008, President Victor Yushchenko said during his meeting with Israel's business leaders on Thursday, according to the President`s press-office.
A parliamentarian committee in Bahrain has called for the reopening of the Israel boycott office. Manama shut down the office in 2005 as part of the requirements by the US Congress before it ratified a free trade agreement with Bahrain
The amendment allows for goods originating in Israel or Mexico to undergo minimal processing or storage in a third country, such as the US or EU, and still retain duty-free status
Egypt and Israel have agreed to reduce the percentage of Israeli components that must be included in Egyptian-made products that receive duty-free status when exported to the United States
A surge in Israeli hi-tech investment and the transfer of world-leading military technology is set to be unleashed next year with the expected sealing of a free trade agreement between Australia and Israel.
Israeli Ambassador Yuval Rotem has hinted that a free-trade agreement between Israel and Australia could be finalised in time for the Jewish State's 60th anniversary next year.
The Irish Congress of Trade Unions has called for divestment from Israeli companies: a campaign aimed at the European Union, which accounts for two-thirds of Israel's exports under an EU-Israel Association Agreement. The UN Special Rapporteur on the Right to Food, Jean Ziegler, has said that human rights conditions in the agreement should be invoked and Israel's trading preferences suspended. This is unusual, for these were once distant voices.