Israel has canceled all previous tariffs on products from the US, a joint statement from the Prime Minister’s Office, Finance Ministry, and Economy and Industry Ministry confirmed on Tuesday.
The Finance Committee approved it, and the Economy and Industry Minister, Nir Barkat, signed the order to amend the Trade Tariff and Protective Measures Order.
A free trade agreement between the US and Israel signed in 1985 had already led to nearly all imported goods from the US being fully exempt from tariffs.
The joint statement clarified that, due to this, the tariff reduction will apply to a very limited number of products, primarily in the food and agricultural categories.
The removal of remaining tariffs would expand the strategic relationship between the two countries, the statement added.
Hellbound and Down 