International Trade
The majority of Palestine's foreign trade is with Israel, followed
by some of the Arab countries, the European Union, Turkey, South
and East Asia and the United States. Like all countries that have
a high trade dependence on one particular country, Palestine's
dependence on Israel has both positive and negative consequences.
On one hand, exporters know their markets very well and benefit
from their advanced technology, but adversely, any shock to the
Israeli economy can have strong effects on the Palestinian markets.
Therefore, the Palestinian Authority and the private sector are
cooperating to increase the rate of direct trade transactions with
less dependency on Israeli intermediation.
Economic
Agreement with Israel (Paris Protocol)
Free Trade Agreements
Current Foreign Trade Indicators
Import Laws and Procedures
Export Laws and Procedures
Free Trade Agreements
The Palestinian Authority benefits from free trade arrangements
with the United States, Canada, the European Union (EU) and the
European Free Trade Association (EFTA). A trade agreement signed
with Russia grants a reciprocal Most Favored Nation treatment for
Russian products in the Palestinian market and vice versa. Both
Egypt and Jordan have signed trade agreements stating bilateral
duty-free status and reduced duties on certain products, while
Saudi Arabia has granted some Palestinian products preferential
treatment.
