Britain is Israel’s largest trade partner in Europe; that relationship seems to be going from strength to strength. Exports from the UK to Israel increased by 75% in the first half of 2018, with more than £7 billion in trade between the two countries in 2017. Trade minister Liam Fox, on a visit to Israel to strengthen trade relationships, told prime minister Benjamin Netanyahu, ‘As we leave the EU and Britain takes its place as an independent state of the World Trade Organization, we want to push our concept of free trade even further. In a world where the siren calls of protectionism are rising, two free-trade nations like ours need to make the case for global free trade because trade spreads prosperity.’ Netanyahu said, ‘Britain is one of our most important trading partners in the world, and we value the friendship.’
Ties with Israel strengthened ahead of Brexit
Written by David Fletcher 07 Dec 2018Additional Info
- Pray: for further development of free trade that spreads prosperity, social cohesion and political stability at home and abroad. (Habakkuk 1:5)
- More: www.gov.uk/government/news/readout-of-liam-fox-meeting-with-prime-minister-netanyahu
Tagged under