Israel: Overseas Trade

(asked on 10th March 2020) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what recent steps the Government has taken to support bilateral trade with Israel.


Answered by
Conor Burns Portrait
Conor Burns
This question was answered on 17th March 2020

Her Majesty’s Government is deeply committed to promoting the UK’s trade and business ties with Israel, a vital element of the flourishing partnership between the two countries. In 2019, the total value of trade between the UK and Israel was £4.7 billion, an increase of 8.3% since 2018, and we want to promote even greater bilateral trade.

The UK and Israel signed the Trade Continuity and Partnership Agreement in February 2019, which keeps trade open following the UK’s exit from the EU. During a call between the Prime Minister and Israeli Prime Minister, Benjamin Netanyahu, on 6 February 2020, the two leaders agreed to continue to strengthen our bilateral relationship following the UK’s departure from the EU, including in areas such as trade.

To that end Department for International Trade officials are working with their Israeli counterparts to explore options to host a future UK-Israel Trade and Investment conference in London to identify new opportunities for trade and collaboration, especially around the financial services and technology sectors.

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