Israel to host influx of trade reps

Israel did approximately $2.83 billion worth of reciprocal trade in 2006, representing growth of 55% from 2005.

By MATTHEW KRIEGER
May 2, 2007 07:13

 
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Trade representatives from some 19 countries will arrive in Jerusalem next week for a three-day conference on reciprocal trade, the first time that the international conference will be held in Israel. The conference is being coordinated by the Office of International Industrial Cooperation in the Ministry of Industry, Trade and Labor and according to Bina Bar-On, the director-general of the office, the conference will provide the participating countries with an excellent forum at which they can discuss new ideas and concepts in the reciprocal trade sector. Israel did approximately $2.83 billion worth of reciprocal trade in 2006, representing growth of 55% from 2005. Among the participants at the conference will be representatives from Austria, Canada, Denmark, Finland, England and Turkey. Separately, Israel's Export Institute said that over the next three weeks more than 100 CEOs and representatives from around the world will be in the country as guests of the Institute and the Foreign Ministry to explore the possibility of expanding trade and exchanging ideas in numerous sectors including hi-tech, communications and medical equipment, finance and environmental protection.

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