Tuesday, 02 January 2024 12:17 GMT

Trump gives Israel duty-free access on agricultural imports


(MENAFN) US President Donald Trump issued a proclamation on Monday extending duty-free access for certain Israeli agricultural products through the end of 2026, the White House announced.

The move maintains longstanding provisions under the US-Israel Free Trade Agreement (USIFTA), originally signed in 1985, and preserves reciprocal trade concessions while permanent modifications to a 2004 agricultural trade agreement are finalized. Under the extension, specified quantities of Israeli agricultural products will continue entering the US market duty-free through December 31, 2026.

In addition, Trump approved technical corrections to the US Harmonized Tariff Schedule (HTSUS) affecting multiple trade agreements, including those with Singapore and South Korea, as well as provisions related to African trade preferences and recent EU-related tariffs.

The proclamation supersedes any prior executive actions conflicting with its provisions and takes effect according to the dates outlined in the annexes.

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