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Israel favours upgrading US free trade deal, economy minister says

  • Israel has proposed revamping its four-decade-old free trade agreement with the United States, aiming to prevent tariffs from its closest ally, according to Economy Minister Nir Barkat.
  • An upgraded trade pact would ease restrictions on data sharing to enable significant collaboration, Barkat said at a conference in Jerusalem.
  • The United States is Israel's biggest trading partner, with an estimated $37 billion in bilateral trade for 2024, based on US trade data.
  • President Donald Trump's administration announced sweeping tariffs on Israeli imports but paused them for 90 days to allow for further trade negotiations.
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ReutersReuters
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Center

Israel favours upgrading US free trade deal, economy minister says

Israel has proposed revamping its four-decade-old free trade agreement with the United States, its economy minister said on Monday, as it looks to head off tariffs from its closest ally.

·United Kingdom
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Political Wire broke the news in New York, United States on Monday, April 28, 2025.
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