Among European Neighbourhood Policy (ENP) countries, Israel has enjoyed the most advanced relations with the European Union (EU). This comes as no surprise, as it is a viable liberal democratic country with a free and vibrant economy leading in innovation and many other fields. Yet, since 2016, Southern and Eastern neighbourhood countries signed Partnership Priorities agreements with the EU, while Israel didn’t. This paper describes what Partnership Priorities are, why Israel hasn’t signed a Partnership Priorities agreement so far, and asks what Israel is missing out on by lacking an established set of Partnership Priorities with the EU.