The Australian Government is pursuing new trade opportunities for Australian businesses. As Minister for Trade, Tourism and Investment, the Hon Dan Tehan MP, announced in February 2021, the Department of Foreign Affairs and Trade (DFAT) is undertaking a feasibility study on how best to strengthen trade and investment with Israel, including possibly through a Free Trade Agreement (FTA). The feasibility study will be completed by 30 June 2021.
Australia’s bilateral economic relationship with Israel has continued to grow in recent years. Two-way goods and services trade increased to approximately $1.3 billion in 2019-20. Australian exports to Israel were worth $345 million and imports from Israel to Australia were worth $1.02 billion. In 2019, Australian investment in Israel totalled $1.2 billion and Israeli investment in Australia was $342 million, mostly centred in the innovation sector.
In 2019, the Australian Government opened the Australian Trade and Defence Office in West Jerusalem and concluded the Australia-Israel Double Taxation Agreement. In 2016, Austrade established the Australian Landing Pad in Tel Aviv, which has supported more than 81 Australian companies tap into Israel’s advanced innovation ecosystem.
Public consultations will comprise a key component of the feasibility study. Submissions will assist the Government in identifying Australia’s priorities for strengthening trade and investment with Israel. DFAT invites submissions from interested businesses, groups and individuals. Submissions close on Friday 30 April 2021.
We are particularly interested in submissions that provide perspectives on:
- tariff and non-tariff barriers to goods and services trade
- barriers to investment
- specific trade and investment challenges
- trade and investment opportunities between Australia and Israel, including sector-specific opportunities
- potential benefits and costs of pursuing an FTA with Israel
- more general issues associated with a possible FTA
- other mechanisms to strengthen the bilateral trade and investment relationship beyond the negotiation of an FTA.
Submissions and confidentiality
All submissions will be treated as public and may be published on this website, unless the author specifically requested in writing at the time of lodgement that the submission, or part thereof, be handled in confidence. Unless otherwise requested, DFAT will publish the submission and the name of the submitting organisation or individual on its website. DFAT will not edit submissions prior to publishing. All details that have been included in a submission, including contact information, will be available on the DFAT website.
Submitters may request that all, or part, of a submission be treated as confidential. Material supplied in-confidence should be clearly marked ‘IN CONFIDENCE’ and be provided in a separate attachment to non-confidential material.
By making a submission, the author(s) agree to their submission, or part thereof, being used by the Commonwealth of Australia for Commonwealth purposes.
Submissions and inquiries can be sent to:
Middle East Branch
Department of Foreign Affairs and Trade
RG Casey Building, John McEwen Crescent
Barton ACT 0221