Economy and Tourism
Typography

 

 

MINISTRY OF ECONOMY SIGNS COOPERATION AGREEMENT WITH LATIN AMERICA'S INTER-AMERICAN DEVELOPMENT BANK

 

Chief Scientist at the Israeli Ministry of Economy, Avi Hasson, signed a cooperation agreement with the Inter-American Development Bank (IDB) - the largest investment authority in Latin America and the Caribbean Islands * The bank funds projects in Latin American and Caribbean countries at an annual rate of $12 billion * The agreement will open new business opportunities for Israeli companies in Latin America

 

**
Israeli Minister of Economy Aryeh Deri: "Diversifying destination markets is a national endeavor for the State of Israel. In the world of new developing markets it is crucial for Israel to succeed. The agreement is an important step for promoting economic relations, for opening new business opportunities and for increasing Israeli exports. The State of Israel must diversify its export destinations and economic activity all around the world."

 

Avi Hasson, Chief Scientist at the Israeli Ministry of Economy: "The Chief Scientist's activity in the area focuses on creating opportunities to effectively commercialize innovative solutions adapted to Latin American markets. Implementing the agreement will give Israeli companies access to partners in R&D and trade in the region."

 

**

JERUSALEM – 29th June 2015. Chief Scientist at the Israeli Ministry of Economy Avi Hasson signed a cooperation agreement with the Inter-American Development Bank (IDB) recently. The agreement will open new business opportunities for Israeli companies in Latin America.

 

The Inter-American Development Bank is the largest investment authority in Latin America and the Caribbean Islands. There are 48 member states in the bank, including Israel. The bank funds projects in Latin America and the Caribbean Islands to the tune of $12 billion annually.

 

The agreement was signed in line with the government's policy to strengthen trade relations with Latin American countries. The government authorized the Chief Scientist to sign the agreement with IDB, realizing that this institution will open opportunities for Israeli companies on the continent.

 

Several weeks ago the Office of the Chief Scientist at the Israeli Ministry of Economy, MATIMOP (the international branch of the Office of the Chief Scientist on R&D) and the Foreign Trade Administration hosted a delegation of senior officials from the bank, who made a first visit to Israel to discuss with the chief scientist opportunities for involving Israeli companies in projects funded by the bank.

 

Among the concepts discussed: Establishing a joint $5 million fund for subsidizing innovative projects involving Israeli companies in Latin America, assistance from the bank in making Israeli technologies accessible to organizations in Latin American countries, helping Israeli companies get involved in development programs that are funded by the bank and funding industrial R&D cooperation with a joint budget from the bank and the Latin American countries with which the Chief Scientist has signed bilateral agreements.

 

The new agreement constitutes a significant step toward upgrading the Chief Scientist at MATIMOP's activity in the Americas, a process which started two years ago. Cooperation programs with the Americas are run with the assistance and coordination of the Foreign Trade Administration at the Israeli Ministry of Economy, the trade attachés in Latin American countries, the Foreign Ministry and embassies, and of course, local partners in the various countries in which activities take place.

 

The Chief Scientist at the Israeli Ministry of Economy has recently announced that a program for subsidizing the adaptation of products to all Latin American countries will be expanded; the program gives Israeli companies the possibility to receive grants from the Chief Scientist for the purpose of adapting existing products to the demands of the Latin American market (including establishing pilot programs, adaptation to local regulations, reducing manufacturing costs etc.)

 

Israeli Ministry of Economy data shows that Israeli exports to Latin America in 2014 stood at $2.53 billion (excluding diamonds). The field of machines and mechanical devices was leading the export branch with 39.7% of all exports, followed by chemicals (20.1%), then plastics and rubber (6.3%). Brazil is Israel's main export destination in Latin America: In 2014 exports reached $915 million, totaling 36.1% of all Israeli exports to this region. Mexico, Costa Rica, Colombia and Chile are the next most significant export destinations after Brazil.

 

Israel's network of trade agreements with Latin America

 

Mercosur
Israel's trade agreement with countries which are members of the South American joint market (Mercosur) went into effect on June 1 2010 (Brazil, Uruguay, Paraguay), and on September 9 2011 with Argentina. Israel is the only country outside Latin America that enjoys a free trade agreement with Mercosur states. Since the agreement became effective, two conferences took place where senior officials from both sides participated and discussed increasing trade. Another conference is expected this year.

 

Mexico
On July 1 2000 a free trade agreement between Israel and Mexico entered into effect. The agreement promises fair competition for Israeli exporters, mainly against competing exporters from the US, who enjoy free access to the Mexican market due to the NAFTA (North American Free Trade Agreement, involving the US, Canada and Mexico).

 

Inter alia, the agreement between Israel and Mexico regulates competition and the rules for resolving disputes. A joint commission was established to oversee the implementation and promotion of the agreement and joint committees of experts were established on source regulations, customs procedures and other issues pertaining to bilateral trade. A joint conference is expected to take place this year.

 

Colombia
Negotiations between Israel and Colombia on free bilateral trade were concluded in September 2013 and confirmed shortly thereafter by the Israeli government. An agreement is now pending approval by the Colombian government and will then enter into effect.

 

Panama
A negotiation on free trade between the two countries is currently underway. In July, the third round of talks is expected to take place in Israel. Another fourth round will take place before the agreement is finalized.

 

 

 

Prime Minister Benjamin Netanyahu, today (Wednesday, 19 July 2017), held a series of bilateral meetings with the heads of government of the Visegard Group: Czech Prime Minister Bohuslav Sobotka, Polish Prime Minister Beata Szydlo and Slovakian Prime Minister Robert Fico. (Prime Minister Netanyahu met yesterday with Hungarian Prime Minister Viktor Orban.)

Read more ...

​PM Netanyahu: We face common challenges, the first of which is to defeat the forces of terror that rampage through the world and threaten both our countries. We must stand together in this battle, much as we work together to perfect the future.

Prime Minister Benjamin Netanyahu and his wife Sara, this evening (Tuesday, 4 July 2017), at the Prime Minister's Residence in Jerusalem, hosted Indian Prime Minister Narendra Modi.

Read more ...

The EU Delegation in Israel and the Municipality of Tel-Aviv-Yafo presented:  Performance Europa!
Urban celebration of live performances and interactive installations
Tel Aviv’s White Night ,Rothschild 1 Plaza, 29 June 

Read more ...

Over 60 leading women from across the world joined together last month for a panel discussion showcasing Israeli females in the lead.
Organized by The Israel Project (TIP) and the Embassy of Cyprus in Israel, the event served as a platform to discuss and understand the challenges and opportunities facing women in Israeli society in the modern age.
Among the panelists were popular journalist Judy Shalom Nir-Mozes. Former IDF commander Miri Eisin and Israeli Olympic athlete Maayan Davidovich.

Read more ...

Prime Minister Benjamin Netanyahu, Greek Prime Minister Alexis Tsipras and Cypriot President Nicos Anastasiades, today (Thursday, 15 June 2017), in Thessaloniki, at the third trilateral summit, signed joint statements for the continued strengthening of relations.

Read more ...

A senior delegation from Tanzania, headed by Dr. Aloyce Nzuki, Permanent Secretary Ministry for Natural Resources and Tourism, arrived in Israel for a series of meetings and events designed to increase cooperation with the Israeli tourist industry, and encourage Israeli tourism and investments to enchanted, exotic Tanzania.

Read more ...

At a festive ceremony attended by Minister of Education Naftali Bennett, the Lauder Dormitory Building was inaugurated today at the Technion
state of the art building was donated to the Technion by World Jewish Congress President Ronald Lauder and his wife Jo Carole

Read more ...

09 June 2017 – Jerusalem) The U.S. Permanent Representative of the United States to the United Nations Nikki Haley visited Yad Vashem today. The Ambassador was guided through the Holocaust History Museum by Dr. Robert Rozett, Director of Yad Vashem Libraries, participated in a memorial ceremony in the Hall of Remembrance, visited the Children's Memorial and signed the Yad Vashem Guest Book.

Read more ...

President Reuven Rivlin today (Wednesday) met at his residence in Jerusalem with United States Permanent Representative to the United Nations, Ambassador Nikki R. Haley.

President Rivlin welcomed her and said, “You are a dear friend of Israel. We appreciate your strong stand on the world’s most important stage, in support of the security of the people and the State of Israel. With your support we see the beginning of a new era. Israel is no longer alone at the UN. Israel is no longer the UN’s punching bag.”

He continued, “When I spoke at the UN on Holocaust Memorial Day, I said that the UN must learn from the lessons of the past, and stand up against hatred and racism. I said it must end its obsession with targeting Israel. Progress has been made. Israel’s standing at the UN has improved. But sadly, we have a long way to go. Both in holding to account, public statements made by officials, and in supporting regulation to reduce the ridiculous number of discussions and resolutions against Israel. This is also true in the Human Rights Council - which has been hijacked as a weapon against Israel - and in UNESCO, where they seek to rub out the history of the Jewish people.”

The President thanked the Ambassador for her great contribution to the State of Israel, and said, “Ambassador Haley, as the representative the US - Israel’s greatest and strongest ally - we appreciate very much your support of Israel, and all you do to stand up for the values of freedom and democracy which we share. Welcome to Israel, welcome to Jerusalem.”

Ambassador Haley thanked the President for his warm welcome and said, “Thank you Mr. President for taking the time to meet with us, it is an absolute thrill to be here in Israel, I so much appreciate the support we have received from the people of Israel. But I feel somewhat guilty because all I did at the United Nations was tell the truth. I have never taken kindly to bullies, and the UN has bullied Israel for a very long time, and we are not going to let that happen anymore. It is a new day for Israel in the United Nations. We just got back from Geneva, talking about the Human Rights Council and hopefully it will be a new day at the Human Rights Council when it comes to Israel.”

She concluded by saying she was greatly looking forward to her visit to Israel and said, “I am looking forward to taking in the history, the beauty, the tradition, and all that comes with the magic of Israel. Thank you very much for having me it is a pleasure to be here.”

Photo credit: Mark Neiman (GPO)

Friday was a beautiful late spring day; the gardens were lovely, the weather was fine; the guests were elegantly attired; the refreshments were generous and delicious; all the makings of a happy celebration marking the National Day of Sweden. H.E. Carl Magnus Nesser, ambassador of Sweden to the State of Israel, hosted the event at the ambassadorial residence in Herzlia Pituach.

The event was attended by many Swedish nationals living in Israel; Swedish music, Swedish food, Swedish sponsors and a generous open bar – all the makings of a happy event.

Read more ...

A fundamentally agricultural holiday, Shavuot commemorates the custom of bringing offerings to the Holy Temple from the first fruits of the harvest and the first animals born to the flocks.

Shavuot, the Holiday of Weeks, is one of the three pilgrimage holidays, along with Pesach and Sukkot. These are the holidays on which the whole Jewish people would come to Jerusalem​ in ancient times, when the Holy Temple was there, and would offer animal and grain sacrifices.

Read more ...

Tel Aviv Eat presents three evenings of tastings and workshops featuring the region’s leading restaurants and most prominent chefs. Entrance is free (including the chefs’ demonstrations), and tasting portions range in price from NIS 20-35. Doors open each evening at 18.00. There are several performance stages, live music, and stands selling beer.

Read more ...

"Only when we remember the families who were torn apart from everyone they loved, who suffered that terrible darkness and evil, who had endured the unbearable horror of the Holocaust, only then can we prevent this agony from ever repeating." President Donald J. Trump

Read more ...

The Charles Bronfman Auditorium at Habima Square is one of the centerpieces of the Israeli arts and cultural scene, home to the Israel Philharmonic for the last 60 years. On Friday, May 19th, it was home to yet another historic event, with the dedication of the entrance hall to Miri Shitrit of blessed memory.

Read more ...

President Reuven and First Lady Nechama Rivlin today, (Monday), welcomed President of the United States Donald J. Trump, and First Lady Melania Trump on arrival at Ben-Gurion International Airport, and then at the President’s Residence in Jerusalem.

On his arrival at the President’s Residence, President Trump signed the official guest book and wrote, “It is such a great honor to be in Israel and be with all of my great friends”.

Read more ...

Currency Exchange Rate

MARKET MOVERS

NMS : YHOO - 01 Jan,
+0.00 (+0.00%) After Hours:
Open Mktcap
High 52wk Hight 57.39
Low 52wk Low 35.05
Vol 0 Avg Vol 19.80M
Eps 0.71 P/e
Currency:

Alphabet Inc.

NMS : GOOG - 28 Jul, 11:27am
938.00
+3.91 (+0.42%) After Hours:
Open 929.40 Mktcap 648.86B
High 938.51 52wk Hight 988.25
Low 927.50 52wk Low 727.54
Vol 509753 Avg Vol 1.77M
Eps 30.74 P/e 31.70
Currency: USD

Apple Inc.

NMS : AAPL - 28 Jul, 11:27am
149.5799
-0.9801 (-0.6510%) After Hours:
Open 149.8900 Mktcap 779.89B
High 150.2300 52wk Hight 156.6500
Low 149.2600 52wk Low 96.4200
Vol 6.89M Avg Vol 27.68M
Eps 8.8700 P/e 17.5481
Currency: USD

Weather

Jerusalem Israel Clear (night), 22 °C
Current Conditions
Sunrise: 5:53 am   |   Sunset: 7:38 pm
83%     6.3 m/s     31.417 atm
Forecast
Fri Low: 21 °C High: 33 °C
Sat Low: 19 °C High: 30 °C
Sun Low: 17 °C High: 31 °C
Mon Low: 20 °C High: 36 °C
Tue Low: 21 °C High: 33 °C
Wed Low: 21 °C High: 33 °C
Thu Low: 21 °C High: 31 °C
Fri Low: 20 °C High: 30 °C
Sat Low: 19 °C High: 30 °C
Sun Low: 20 °C High: 31 °C

MARKET MOVERS article

NMS : YHOO - 01 Jan,
+0.00 (+0.00%) After Hours:
Open Mktcap
High 52wk Hight 57.39
Low 52wk Low 35.05
Vol 0 Avg Vol 19.80M
Eps 0.71 P/e
Currency:

Alphabet Inc.

NMS : GOOG - 28 Jul, 2:51pm
940.70
+6.61 (+0.71%) After Hours:
Open 929.40 Mktcap 650.73B
High 943.83 52wk Hight 988.25
Low 927.50 52wk Low 727.54
Vol 979727 Avg Vol 1.77M
Eps 30.74 P/e 31.79
Currency: USD

Apple Inc.

NMS : AAPL - 28 Jul, 2:52pm
149.85
-0.71 (-0.47%) After Hours:
Open 149.89 Mktcap 781.29B
High 150.23 52wk Hight 156.65
Low 149.26 52wk Low 96.42
Vol 11.74M Avg Vol 27.68M
Eps 8.87 P/e 17.58
Currency: USD