American telecommunication companies interested in exporting their wares to the Jewish state will have an easier time doing so thanks to a new trade agreement signed recently between the two nations.
According to terms of the new agreement, Israeli regulatory authorities will accept test results on US telecom products recognized in American laboratories, while the previous agreement called for more testing to be performed in Israel
before the products could go to market there.
“This agreement will save American manufacturers money and time," said Miriam Sapiro, deputy US trade representative. "It will facilitate trade by allowing for product testing and certification only once, in the United States, prior to exporting the product to Israel.”
In 2011, The United States and Israel engaged in more than $30 billion in trade.
Reprinted with permission from Shalom Life