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ARTICLE · 08 JUNE 2018

Canada And Israel Sign Modernized Free Trade Agreement

Blake, Cassels & Graydon LLP
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Canada's Minister of International Trade, François-Philippe Champagne, and Israel's Minister of the Economy and Industry, Eli Cohen, recently signed the Protocol Amending the Canada-Israel...

GlobalInternational Law
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
Daniel Kofman
Daniel Kofman
David Feldman
David Feldman
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Canada's Minister of International Trade, François-Philippe Champagne, and Israel's Minister of the Economy and Industry, Eli Cohen, recently signed the Protocol Amending the Canada-Israel Free Trade Agreement (Protocol). Once the Protocol is ratified by both governments, a modernized Canada-Israel Free Trade Agreement (CIFTA) will enter into force, benefitting businesses and exporters in Canada and Israel.

WHAT'S NEW?

When the original CIFTA came into force in 1997, it was a narrower agreement focusing exclusively on trade in goods and eliminating all tariffs on industrial products. In the course of continued negotiations held between Canada and Israel, the scope of the CIFTA was broadened between 1999 and 2003 to reduce tariffs on agricultural and agri-food exports.

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