Israel and post-Brexit Britain
How will Britain leave the EU? Under what terms? Who will be the PM? I am not placing my bets. What I have found significant is that amongst the hubble and bubble and much trouble, Britain’s Secretary of State for International Trade, Dr Liam Fox, has found the time to pop over to Israel. Why?
There are some very significant facts for the UK economy, that Israel’s opponents would have you ignore.
- Britain’s Department for International Trade said goods worth $9bn were traded between the UK and Israel in 2017, a record year.
- The number of Israeli companies that set up in the UK after the Brexit referendum increased by 28 per cent, as did Israeli investment in the UK by 33.5 per cent.
- Israeli-made generic pharmaceuticals are also a major supplier for the NHS.
Earlier this week, yet another seminar was held in Tel Aviv encouraging cooperation between the two countries health sector. And add to that Fintech and a whole series of innovation tech partnerships. In other words, the economic and commercial bonds between the two sides are growing, mutually, for the benefit of all.
Bilateral trade has almost doubled in recent years, despite or in spite of the hate of the BDS movement. Looking ahead, there are clearly plans on the table to resolve expected hiccups from the exit from Europe.
0 comments