Canada-Israel Free Trade Agreement
What is the CIFTA?
In 2014, Canada and Israel agreed to modernize the Canada-Israel Free Trade Agreement (CIFTA), a goods-only agreement in force since January 1, 1997.
A modernized CIFTA will improve access to the Israeli market for Canadian companies through further elimination and reduction of tariffs on agricultural and fisheries products. With the inclusion of new progressive elements on gender, small and medium-sized enterprises and corporate social responsibility, as well as labour and environmental protections, the modernized CIFTA will signal the importance of progressive trade and ensuring that the benefits and opportunities that flow from trade and investment are more widely shared.
Since CIFTA first came into effect over two decades ago, Canada’s two-way merchandise trade with Israel has more than tripled, totalling $1.7 billion in 2017.
- Modernized Canada-Israel Free Trade Agreement: Benefits for Canada
- Canada-Israel Free Trade Amending Protocol 2018
- Country profile: Israel
- The original Canada-Israel Free Trade Agreement came into effect over 20 years ago, on January 1, 1997.
- Two-way merchandise trade between Canada and Israel was valued at more than $1.7 billion in 2017.
- Science and technology are significant drivers of the Israeli economy.
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