George H. W. Bush Prime Minister Shamir for his leadership during the crisis. On August 11, 1992, following a meeting between President Bush and Prime Minister Yitzhak Rabin, Bush announced he would seek the approval of Congress to bestow Israel with up to $10billion in loan guarantees to assist the country with its absorbing of Soviet Union immigrants. The Bush administration and the Progressive Conservative Prime Minister of Canada Brian Mulroney spearheaded the negotiations of the North American Free Trade Agreement (NAFTA). The agreement would eliminate the majority of tariffs on products that were traded among the United States, Canada, and Mexico. This would
Prime Minister of Israel in power until 1992. Rabin became prime minister for the second time when he led Labour to victory in the 1992 elections. After his assassination on 4 November 1995, Peres took over as prime minister. During the thirteenth Knesset (1992–1996) it was decided to hold a separate ballot for prime minister modeled after American presidential elections. This system was instituted in part because the Israeli electoral system makes it all but impossible for one party to win a majority. While only two parties—Mapai/Labour and Likud—had ever led governments, the large number of parties or factions in a typical Knesset usually