The United States and Israel signed a trade agreement this week that is designed to spur trade between the two countries and make it easier for American companies to export telecommunications equipment to Israel.
“This agreement will save American manufacturers money and time,” Miriam Sapiro, deputy U.S. trade representative (USTR), said in a statement. “It will facilitate trade by allowing for product testing and certification only once, in the United States, prior to exporting the product to Israel.”
Shapiro and Shalom Simhon, the Israeli Minister of Industry, Trade and Labor, signed the agreement on Oct. 15. It will go into effect after the United States and Israel “have completed all internal legal requirements,” according to USTR.