International Trade Secretary hails “huge opportunity for collaboration” in Israel visit

By November 30 2018, 17:48 Latest News No Comments

FoxThis week, International Trade Secretary Rt. Hon. Dr Liam Fox MP visited Israel on an official trade trip, where he emphasised the “huge opportunity for collaboration” between the UK and Israel.

The  Secretary of State met with Israel’s Prime Minister Benjamin Netanyahu where they discussed the growing trade and investment relationship between the UK and Israel, and the significance of guaranteeing bilateral trade stability post-Brexit.

Trade between the two countries has reached record heights as more than $9 billion (£7 billion) of goods were traded between the two countries last year.

The International Trade Secretary said: “There is a huge opportunity for collaboration between our two countries, particularly in areas like innovation, science and technology and life science where we are both world leaders”. He added: “I’m confident that together we can deliver on these ambitions”.

Dr Fox welcomed Israeli cooperation in certifying that trade deals are continued and said he is “looking forward to an enhanced and even more ambitious trade and investment relationship with Israel as we work closer together going forward into the future”.

During his trip, he also visited Israel’s Holocaust Memorial Centre, Yad Vashem, stating that it was a “truly moving experience and it was an honour to pay my respects”.

He met with different start-up companies and some of the best Israeli innovation at the Peres Centre where he heard how Israel became a Start-Up Nation.

Mr Fox also visited some of the of the UK’s biggest Israeli investors. He tweeted “since the 2016 referendum, there has been £400 million of Israeli investment in the UK, creating 1,300 jobs across the country”.

Mr Netanyahu said: “Britain is in fact our largest trade partner in Europe, one of our most important trading partners in the world and we value the friendship, we value the prospects for the future”.

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