Canada-Israel Free Trade Agreement

Part One - General Part

The Government of the State of Israel and the Government of Canada:

Desiring to strengthen their economic relations and to promote economic development;
Wishing to create a framework for promoting investment and cooperation;
Resolving to foster the development of their trade with due regard to fair conditions of competition;
Recalling the mutual interest of the Government of the State of Israel and the Government of Canada in reinforcement of the multilateral trading system as reflected in the WTO;
Recalling that the Government of Canada and the Government of the State of Israel entered into a Memorandum of Understanding on September 27, 1976 which established a Joint Economic Commission, which was continued under a Memorandum of Understanding on Economic Cooperation entered into on August 5, 1993;
Wishing to establish a free trade area between the two countries through the removal of trade barriers;
Declaring their readiness to explore other possibilities for extending their economic relations to other fields not covered by this Agreement;
Have agreed as follows: