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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.
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