1/ The UK and Israel have signed a post-Brexit trade continuity agreement. You need to scroll well down the press release to see that the text rolls over the EU/Israel FTA. Some points.
Not sure who snuck this into a @tradegovuk press release but it has a sincere and delicate irony that should not be missed: "Trading on these preferential terms, rather than on World Trade Organization terms, will continue to deliver significant savings..."
2/ As @Annaisaac spotted, the press release points out that a free trade agreement increases trade between the parties. An awkward admission for no deal advocates.
3/ Also, the treaty is not a complete roll over. It only replicates the existing FTA "as far as possible". We don't know the details without seeing the text. It applies also in a no deal scenario.
5/ One thing that can't be replicated unless the EU also agrees is the "rules of origin", ie the definition of when products get the benefits of an FTA. At the moment a Swiss product can come into the UK under (say) the EU/Swiss FTA, be processed here, and then sold in the EU.
4/ By definition, the new treaty can't carry over rules of origin - ie an Israeli product processed in the UK still retaining free trade status if exported to the EU - unless the EU agrees.
7/ Now the specific UK/Israel point. The EU has an FTA both with Israel and with the PLO on behalf of the Palestinian authority. However, there's a legal and political controversy over products made in the Israeli settlements in the West Bank and the Gaza Strip.
5/ There's also a political issue (with an economic impact) of whether the treaty applies to products produced in Israeli settlements.
6/ Broader context: a UK/Palestinian authority FTA is reportedly on track to be rolled over by Brexit Day. All the other Middle East/North Africa FTAs are *not*. //
Replying to @StevePeers
Good news for Sodastream users, yes?