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UK Trade & Investment
British Embassy - Tel Aviv
East Midlands International Trade Association
Breakfast Seminar
‘Getting Better Acquainted with Israel’
BRITISH EMBASSY
TEL AVIV
September, 2007
UKTI Team - Israel
Richard Salt
Director Trade & Investment
Barry Grossman
Deputy Director
Yigal Levine
Senior Advisor
BRITISH EMBASSY
TEL AVIV
Israel: Country/Region overview
BRITISH EMBASSY
TEL AVIV
Israel at a Glance - 2007
BRITISH EMBASSY
TEL AVIV
• Population:
7.1 million
• Area
22,145 sq. km.
• GDP:
$124.5 billion
• GDP per capita
$21,500
• Growth
4.8%
• Inflation
2.5%
• Unemployment
7.6%
BRITISH EMBASSY
TEL AVIV
FIGURES IN %
2007*
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
7
6
5
4
3
2
1
0
-1
1995
Growth - GDP
2007*
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
10
8
6
4
2
0
-2
1995
Rate of Inflation
IN 1985 INFLATION REACHED 380%
BRITISH EMBASSY
TEL AVIV
FIGURES IN %
BRITISH EMBASSY
TEL AVIV
FIGURES IN %
2007*
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
12
10
8
6
4
2
0
1995
Unemployment
The High Tech story
The start up phenomena
• The largest number of start-ups (3,000)
outside the USA
• R & D spending is 4th highest in the world
• High Tech accounts for 51% of exports
• 4.5% of GDP is invested in R & D
• 300 Start-ups registered in 2006
BRITISH EMBASSY
TEL AVIV
Centre for Hi Tech and R&D
Entrepreneurial Spirit
Worldwide R&D Centre
Highest concentration of
Startups after Silicon Valley
INTEL:
Second highest number of
companies on NASDAQ
MICROSOFT: Only R&D centre
Over 40 companies now
registered in London
MOTOROLA : Largest R&D
BRITISH EMBASSY
TEL AVIV
First centre outside USA
outside USA
centre outside USA
Some Achievements
• The Pentium MMX chip technology developed
by Intel Israel
• Given Imaging have produced the Pill Cam
• Cherry Tomatoes were developed by the Hebrew
University
• Disk-on Key developed by the Israeli company
M Systems
• Cell phone technology was developed by
Motorola Israel
• Drip irrigation was developed in Israel in the 70’s
BRITISH EMBASSY
TEL AVIV
Two - Way Trade
UK EXPORT £m
UK IMPORT £m
1-6/07 639.4
1-6/07 540.9
2006
1,293.3
2006
985.6
2005
1,357.2
2005
1,122.6
2004
1,394.3
2004
944.4
2003
1,377.2
2003
881.6
ANNUAL TWO-WAY TRADE HAS EXCEEDED
£2 BILLION FOR LAST FIVE YEARS AND COULD
REACH £3 BILLION BY 2010
BRITISH EMBASSY
TEL AVIV
Britain - Israel Trade
A Success Story
ISRAEL is the UK’s LARGEST individual trading
partner in the Near East & North Africa
ISRAEL ended 2006 as the UK’s 29th LARGEST
export market WORLD-WIDE
BRITISH EMBASSY
TEL AVIV
UK Investments and
Joint Ventures in Israel
INVESTMENTS
JOINT VENTURES
• HSBC
• ROLLS ROYCE
• GSK
• BRITISH GAS
• APAX
• GLAXOSMITHKLINE
• UNILEVER
• CORUS
BRITISH EMBASSY
TEL AVIV
Israeli Investments
in the UK
Over 200 Israeli companies have
already set up in the UK
• Bank Leumi and Bank Hapoalim
• Gamatronic
• Delta Galil Industries
• Ness Technologies
• Elbit Systems
• Osem
• Emblaze
• Plasson
• Fruitarom
• Tescom
BRITISH EMBASSY
TEL AVIV
Israeli Business Culture
• Friendly and helpful
• Direct
• Politically aware
• The telephone
• Meetings
BRITISH EMBASSY
TEL AVIV
So, why Do Business in Israel?
• No reluctance to buying British- as long as quality and
price are right
• British based business practices - you should feel at
home
• There is a Free Trade Agreement with the EU
• No language problem - English is readily spoken
• The business culture is both friendly and helpful
• There is no withholding tax on British goods or services
sold to Israel
• Israel is only 2 hours ahead of the UK and a 4.5 hours
flight away
• The sun shines 12 months of the year
BRITISH EMBASSY
TEL AVIV
UK Trade & Investment Team
Contact Details
Richard Salt
E-Mail:
Tel:
Director, Trade & Investment
[email protected]
+972 3 7251231
Barry Grossman
E-Mail:
Tel:
Deputy Director, Trade & Investment
[email protected]
+972 3 7251236
Yigal Levine
E-Mail:
Tel:
Senior Advisor, Trade & Investment
[email protected]
+972 3 7251238
BRITISH EMBASSY
TEL AVIV
UKTI Fax: +972 3 5243313