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Customs &
Trade News


May 31, 2018

Canada and Israel sign modernized free trade agreement

Canada's Minister of International Trade, François-Phillippe Champagne, and Israel's Minister of the Economy and Industry, Eli Cohen, announced on Monday the signing of the modernized Canada-Israel Free Trade Agreement (CIFTA).

The modernized CIFTA includes further tariff reductions and eliminations for agricultural and agri-food products.

Canada and Israel have also modernized the original CIFTA to include progressive elements, such as dedicated chapters on labour, the environment, trade and gender, and small and medium-sized enterprises (SMEs), as well as provisions on corporate social responsibility.

New provisions will also help to make the dispute-settlement mechanism more efficient, effective and transparent.

Link: Canada-Israel Free Trade Agreement


 

Transport &
Trade News