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Middle East and North Africa
Israel |
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Last updated: 25 June 2009
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Country information
Trade and Investment with the UK
Bilateral business relations are excellent and continue to flourish, with more than 250 Israeli firms operating in the UK. Trading relations between the two countries continue to be strong; bilateral trade reached £2.3 billion in 2008. Israel is the UK’s 23rd largest market worldwide and is the third biggest export market in the Middle East; major British companies including HSBC and British Airways have significant business interests in Israel. The excellent trade links between the UK and Israel are reflected in the number of high-level visitors: in 2008, these included the Governor of the Bank of England, the Lord Mayor of the City of London, the Minister of State for Trade & Investment, and numerous business delegations.
Britain and Israel have strong links in the fields of science and technology. Like the UK, Israel is an R&D- intensive society and bilateral links are encouraged through schemes such as the Britain-Israel Research and Academic Exchange (BIRAX) and the EU's Framework Programme for research and technological development.
UK Trade & Investment Country Profile: Israel
