Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
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