The Free Trade Agreement between Vietnam and Israel (VIFTA) was officially signed on 25 July 2023. The agreement consists of 15 chapters and several appendices about trade in goods, services and investment, rules of origin, technical barriers to trade (TBT), sanitary and phytosanitary measures (SPS), customs, trade remedies, government procurement, and legal and institutional framework. VIFTA came into force in 2024.