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Mans cleaning windows

UX Designer

  • Full-time
  • 23000€ /yr
Porto, PT
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Eu Trade Agreements with Israel

In recent years, the European Union (EU) has been making progress in negotiating trade agreements with a number of countries around the world. One such agreement is with Israel, an important partner in the Middle East.

The EU-Israel trade agreement, officially known as the Association Agreement, was signed in 1995 and has been in force since 2000. It is an all-encompassing agreement that covers a wide range of economic and political issues, including trade in goods and services, investment, intellectual property, and social and environmental policies.

The agreement allows for the elimination of tariffs on goods traded between the EU and Israel, which has helped to increase bilateral trade between the two partners. According to the European Commission, trade in goods between the EU and Israel reached around €34 billion in 2019, with the EU being Israel`s largest trading partner.

In addition to the benefits for trade and investment, the agreement also includes provisions on human rights and political dialogue. The EU and Israel regularly hold consultations on issues related to democracy, the rule of law, and the protection of human rights.

However, the EU-Israel trade agreement has been the subject of criticism from some groups, particularly those advocating for Palestinian rights. They argue that the agreement indirectly supports Israel`s occupation of Palestinian territories and violates international law.

Despite these concerns, the EU has continued to strengthen its economic relationship with Israel. In 2019, the two partners signed an agreement to enhance cooperation in the field of research and innovation, which aims to promote joint scientific and technological projects and collaborations.

As the political situation in the Middle East remains complex, the EU`s trade agreement with Israel will likely continue to be a source of debate and controversy. Nevertheless, it remains an important example of how trade agreements can foster economic growth and cooperation between countries, even in the face of political challenges.

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