July 21, 2015 - Prime Minister Stephen Harper announced that Canada and Israel have successfully concluded negotiations toward an expanded and modernized Canada-Israel Free Trade Agreement (CIFTA). The CIFTA is the cornerstone of Canada’s commercial relationship with Israel. The Agreement, which came into force in 1997, eliminated tariffs on all industrial products, and on some agricultural and fisheries products. Since then, Canada’s two-way merchandise trade with Israel has tripled to $1.6 billion in 2014.
The modernized CIFTA will provide expanded market access opportunities for Canadian agricultural, fish and seafood products through the elimination of tariffs on products such as cranberries, dog and cat food, various baked goods, processed seafood and certain fish. The Agreement will also provide Canadian exporters with new or expanded duty-free access under tariff rate quotas for certain products, including chickpeas, frozen vegetables, frozen French fries, apples, wine and shrimp.
The agreement still awaits approval of the Canadian parliament before it becomes effective.
Click here for the full release.