Israel, United Kingdom building ‘new strategic relationship’


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(Worthy News) – Israel and the United Kingdom are building a ‘new strategic relationship’ driven by soaring bilateral trade and deepening ties in various sectors, according to a new report.

The increasing strength of the relationship, the report by the Britain Israel Communications and Research Centre (BICOM) states, is symbolized by soaring bilateral trade between the countries. Trade increased by 72% from $6.1 billion in 2012 to $10.5b. in 2018, and the UK now represents Israel’s third-largest export market, surpassed only by the United States and China.

The Brexit referendum and ensuing uncertainty has seemingly not dampened the trading spirit, with Israel becoming the first country to sign a post-Brexit continuity trade agreement with the UK. [ Source: Jerusalem Post (Read More…) ]

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