Extraordinary in scope, this agreement entrenches Israeli commercial and economic trade with the EU in a multitude of fields: environment, education, culture, duties, tourism, energy, the war on drugs, money laundering, agriculture, industry and other fields. Israel becomes one of two countries, other than Switzerland, that despite not being EU members, fully participate in R&D projects. Between 1995 and 2014, in terms of total dollar/euro value, Israeli exports to Europe increase by morethan 300%, while Israeli imports from Europe in the same period remain about what they were in 1995. In June 2000, Israel signs a more extensive trade and association agreement with the EU, further embedding Israel’s deep economic relationship with the Euro Sphere.
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