Britain’s departure from the European Union creates a “real opportunity” for closer ties between Israel and the UK, Britain’s Ambassador to Israel, H.E. David Quarrey said on Thursday.
At a Sukkot holiday party at the British Embassy in Tel Aviv, Ambassador David Quarrey said the Brexit referendum result presents “challenges”, but also “creates a real opportunity for Israel and the UK to work even more closely together”.
He stated: “With Israel I see the opportunity for closer cooperation on trade, investment, technology, science and security”.
Once Article 50 is activated by the Government, negotiations on the terms of Britain’s departure will run for two years. In that time the UK will then have to renegotiate independent trade deals with dozens of countries around the world, including Israel.
In September, UK International Trade Minister, Mark Garnier MP visited Israel as part of a trade delegation, where he attended the London Stock Exchange Group (LSEG) conference. At the conference, ELITE, LSEG’s international programme for ambitious high growth businesses, signed a Memorandum of Understanding with Bank Hapoalim, Israel’s leading financial services group.
ELITE and Bank Hapoalim will collaborate to support the development of Israeli high growth businesses and promote ELITE in Israel.
International Trade Minister, Mark Garnier MP said: “The UK and Israel are both open, dynamic and entrepreneurial societies, making us natural partners”, stating that the conference “is another example of our two countries working together to promote business growth, innovation and job creation across both of our economies”.
