U.S.-Israel Economic Relationship

Free trade agreement (FTA): The U.S. and Israel signed their first Free Trade Agreement in 1985, which was also the first FTA for the United States. This agreement has significantly boosted trade between the two countries.

Trade volume: Bilateral trade in goods and services is substantial, with annual trade close to $50 billion. The U.S. is Israel's largest trading partner, with major exports including machinery, aircraft, and agricultural products.

Investment: Israeli investments in the U.S. have grown to nearly $24 billion, while U.S. companies have established over 300 research and development centers in Israel. This includes major firms like Cisco, Intel, and HP.

Sectoral cooperation: The economic relationship spans multiple sectors such as IT, biotech, life sciences, healthcare, energy, defense, cybersecurity, and aviation. This cooperation has led to significant technological advancements and job creation in both countries.

Scientific and cultural exchanges: The U.S. and Israel also engage in numerous scientific and cultural exchanges through foundations like the Binational Science Foundation and the Binational Agricultural Research and Development Foundation.

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