THE UK government has launched a consultation to seek the views of members of Made in Britain, among others, ahead of negotiations starting later this year. The UK is Israel’s third-largest trading partner, with £2.7 billion worth of British exports going there in 2020 and an overall trade relationship worth £4.8 billion.
Last year, Israeli investment into the UK was worth over £200m and secured hundreds of jobs across the UK. A new agreement will aim to play to Britain's strengths as fellow tech superpowers, boosting its strong trade and investment relationship in industries of the future like digital, services and life sciences and creating high-paying jobs across the country.
This call for input provides stakeholders with the opportunity to express their views about an enhanced UK trade agreement with Israel. The government is particularly interested in views about:
- Which areas do you want the UK government to prioritise in trade talks with Israel when negotiating an enhanced FTA?
- Are you facing challenges or constraints when attempting to trade or invest in Israel, and if so, how significant is this on your business activity?
- How do you expect your business to respond if restrictions were removed on services trade with Israel?
- Is your business trading innovative goods and services with Israel?