A joint committee of the EFTA states and Israel oversees the implementation of the free trade agreement (Articles 26 and 27). The legal basis for the EU`s trade relations with Israel is the Association Agreement between the EU and Israel, which came into force in June 2000. The aim of this agreement is to create an appropriate framework for political dialogue and economic cooperation between the EU and Israel. Israel was the first non-European country to share the European Union`s Framework Programme for Research and Technology Development (RDT). Israel`s special status is the result of its high scientific and research capabilities and the long-standing network of long-standing scientific and technical cooperation between Israel and the EU. In July 2004, the European Commission signed an agreement with Israel to participate in the EU`s GALILEO project for a global satellite navigation system. Since 2014, Israel has been a member of the European Scientific Organization (CERN) and is the only non-European member. From a bilateral point of view, an association agreement came into force in 2000 following a cooperation agreement in 2000, which provides for economic, commercial, technological and preferential research status between the parties. It included measures to create a free trade area for industrial goods and to liberalize trade in goods, services and capital flows.
The agreement also laid the groundwork for cultural, scientific and political cooperation. Israel responded to this initiative by stating that it would not sign future agreements with the EU until it could “clarify” its position that no Israeli organisation could cooperate beyond the Green Line or receive EU funds.  The agreement covers trade in industrial products, fish and seafood. In addition, bilateral agricultural agreements have been concluded between the various EFTA states (Iceland, Norway and Switzerland) and Israel, which are part of the instruments for creating the free trade area. One of the objectives of the agreement (Article 1) is the gradual liberalisation of trade in goods, in accordance with Article XXIV of the GATT. On 1 January 1993, virtually all tariffs on trade in industrial and fish and other seafood were abolished. The agreement contains provisions relating to the elimination of tariffs and other trade barriers, as well as other trade-related disciplines, such as competition rules, intellectual property protection, public procurement, state monopolies, state aid, payments and transfers.