For U.S.-Israel Free Trade Area Agreement we have a term and definition in Customs.

The first free trade agreement entered into by the United States took effect on September 1, 1985. The agreement called for the staged elimination of tariffs between the two countries over a 10-year period. All tariffs will be eliminated by January 1, 1995. The agreement also established a Joint Commission to supervise the agreement and to periodically review the bilateral relationship.
See also: Bilateral Trade Agreement, Binding Concession, Consultation, Tariff, Trade Agreement,
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