Economy and Tourism
- Written by Ministry of Economy
FIRST - WE TAKE MANHATTAN: ISRAELI FASHION DESIGNERS IN THE BIG APPLE
Ministry of Economy: Israeli Fashion Designers in NYC
The Israeli Ministry of Economy's Trade Mission in New York, in Cooperation with the Israeli Foreign Ministry and the Israeli Tourism Ministry, Bring Israeli Bridal Fashion to New York City and Organize a Fashion Show for 7 Young Designers at New York Bridal Next Week
October 7, 2015. New York, NY – Fourteen Israeli fashion designers will exhibit dresses at New York Bridal, which will take place in New York City next week. Among the leading Israeli names who will be exhibiting their designs on Manhattan catwalks will be Pnina Tornai, Alon Livne, Berta, Yaki Ravid and Galia Lahav, who will exhibit their dresses in private fashion shows.
In addition, seven up and coming designers will be showing dresses at a unique event organized by the Israeli Ministry of Economy's Trade Mission in New York, in cooperation with the Israeli Foreign Ministry and the Israeli Tourism Ministry. Designers include Tal Kahlon, Merav Solo, Limor Rosen, Orabella, Lee Grebenau, Shlomit Azrad, and Yoav Rish.
New York Bridal is the leading commercial event in the American wedding market, estimated at over $54 billion per year, of which 7% is spent on bridal gowns, amounting to c. $3.2 billion per year. Carolina Herrera, Badgley Mishka, Marchesa, Dennis Basso are among the leading dress designers taking part in this year’s event.
"Of the 40 exhibitions expected during New York Bridal, about one quarter are from Israeli designers,” said Israeli Economic Minister to North America Nili Shalev. “This testifies to the exceptional talent in Israel. Israeli designers have become popular among American clients due to their innovative thinking and daring designs. Israel has long been 'on the map' internationally thanks to its technological innovation. In recent years the country has been making great headway in fields like television formats, wine, new media and fashion. This fashion event initiated by the Israeli Ministry of Economy's New York Trade Mission will let Israeli designers show buyers and potential business partners in the American fashion industry the great potential of the Israeli fashion industry, remarkable for its originality and creativity, traits influenced by the uniquely diverse and vibrant makeup of Israeli society."
"The Israeli Consulate in New York is proud to take part in this important event,” said Israel's Consul General to New York, Ido Aharoni. “It is in days like these that we need to celebrate Israeli creativity in all fields, including fashion."
"In order to continue efforts to highlight Israeli fashion in the US media, the Tourism Ministry's North America mission will host seven leading fashion journalists at the Holon Fashion Week that will take place in November,” said The Israeli Tourism Ministry's representative in North America, Uri Steinberg. “Among them are journalists from Elle, Glamour, Latina Magazine and leading fashion bloggers."
- Written by Economy Ministry
24 ISRAELI DESIGNERS REACH FINALS -- AND WILL REPRESENT ISRAEL IN FIRST ISRAELI POP-UP STORE IN HONG KONG
Carpets, Jewelry, Hats, Toys, Fashion Accessories, Lamps, Gifts and More
Twenty-four Israeli designers, amongst eighty who submitted applications, were selected to represent Israel in a pop-up store that will be launched by the Israeli Ministry of Economy and the Israel Export Institute in Hong Kong in October. The opening is expected to be attended by many from the Hong Kong design community and is expected to brand Israel as a leading country in a number of areas of design.
Following the call for submissions by the Foreign Trade Administration at the Israeli Ministry of Economy and the Israel Export Institute several weeks ago, no less than 80 Israeli designers submitted applications for a place in the first Israeli design store in Hong Kong. A design company from Hong Kong together with the Israeli commercial attaché there, Elad Goz, and representatives of the Israel Export Institute, selected the twenty-four leading Israeli designers whose work will be displayed in the store.
Earlier this week, the selected designers presented their wares to the staff at Israel’s Hong Kong trade mission, who were on a visit to Israel. The visit was part of preparations for the opening of the store -- which will take place in a festive ceremony that is already creating great interest in Hong Kong. The opening will take place on October 22nd.
The Head of the Israeli Economic & Trade Mission in Hong Kong, Elad Goz, said: "We have chosen not to limit the type of designs and as a result are featuring a wide variety of Israeli designers from a number of areas, including jewelry, home furnishings and more. The store will present the best and the widest variety of products and help bolster the Israeli design brand in the Far East, branding Israel not just as the 'Startup Nation' but also as a leading country in various design fields."
Director of the Home and Family Department at the Israel Export Institute, Eyal Levi, said: "Israeli design is recognized abroad as innovative and yet many designers find it hard to export their products abroad. Establishing this store, with its wide range of areas of design –from home furnishings to fashion and jewelry – will help designers maximize their exposure in markets in the Far East that have significant potential. We hope that they can increase their sales in traditional avenues as well as online."
The designers selected to represent Israel:
1. Adi Bakshi http://www.adibakshi.com (fashion accessories)
2. Adi Buvarovsky http://www.thepixelsfactory.com (Pop Art)
3. Adi Lev http://www.adilevdesign.com (jewelry)
4. Aviv Kinel http://www.avivkinel.com(jewelry)
5. Bangi Shoes http://bangishop.etsy.com (shoes)
6. Briday http://www.briday.us (gifts)
7. Bumpers Comfort http://www.bumperscomfort.com(shoes)
8. Dori Csengeri http://www.doricsengeri.com (jewelry)
9. Ester Shahaf http://www.estershahaf.com (jewelry and Judaica)
10. Gallabia http://www.gallabia.com (fashion)
11. Ifat Shterenberg http://www.ifatshterenberg.com (furniture)
12. Justine Hats (Yael Cohen) http://www.justinehats.com (hats)
13. Kay Brock http://www.kaybrock.com (textiles for the home)
14. Maya Negri http://mayanegri.com/en (fashion)
15. PaperCat http://www.papercatdesign.com (toys)
16. Studio Shulab http://www.shulab.com (home furnishings)
17. Sink Skin http://www.sink-skin.com (home furnishings)
18. Gal Stern http://www.sterntights.com (fashion accessories)
19. Studio Cheha http://www.bulbing-light.com (lamps)
20. Studio Vayehi (Katerina Brand and Tsuriel Gottlieb) http://www.studiovayehi.com (lamps)
21. Sturlesi Design http://www.sturlesidesign.com (home furnishings)
22. Una Una Shoes http://www.una-una.net (shoes)
23. Anat Dahari http://www.walkbyanatdahari.com (shoes)
24. Yesh Meayin http://www.beijacarpet.com (carpets)
- Written by Ministry of Economy
ECONOMY MINISTER AND CHINESE AMBASSADOR MEET TO DISCUSS ISRAELI-CHINESE FREE TRADE ZONE
[JERUSALEM – 7th July 2015] Economy Minister and Negev and Galilee Development Minister Aryeh Machluf Deri met yesterday (Monday, 6 July 2015), for the first time, in his Jerusalem office, with Chinese Ambassador to Israel Zhan Yongxin. The two discussed - inter alia - the establishment of a free trade zone between Israel and China.
Minister Deri stressed Israel's desire to establish such a zone. The Chinese Ambassador reiterated China's commitment to begin negotiations for an agreement, as first announced by Chinese Prime Minister Li Keqiang in March in his report to the National People's Congress.
Both sides stressed their mutual desire to strengthen ties and expand Chinese investments in Israel, which have thus far reached $6 billion. They also agreed that a free trade zone agreement would raise bilateral ties to a new level and bring real economic benefit to both sides.
Minister Deri said, "The Israeli Ministry of Economy concentrates efforts to promote and expand the trade ties between the two countries and to this end operates various tools to support Israeli companies doing business in China, such as dedicated funds for projects in the People's Republic of China, supporting incoming and outgoing delegations and of course, our trade attachés posted across China."
The Economy Ministry Foreign Trade Administration, which is expected to lead the negotiations for a free trade zone agreement with China, is making preparations for the talks and is consulting trade and industry officials regarding Israel's specific interests in the negotiations.
The Foreign Trade Administration operates five trade attachés across China - two in Beijing - including one who focuses on policy and regulation, one in Guangzhou, one in Shanghai and one in Hong Kong. This number is identical to the number of attachés in the United States and the goal is to continue expanding the distribution of trade missions in China.
Photo : Chinese Ambassador to Israel Zhan Yongxin . Photo provided by Ministry of Economy
- Written by Ministry of Economy
TRADE BETWEEN ISRAEL AND JAPAN REACHES $2.3 BILLION IN 2014
Talks between Economy Ministries of Both Countries to Take Place in Tokyo this Week to Strengthen Trade Ties and Foster Export Activity
[Tokyo. Jerusalem. July 28th, 2015] – The first economic talks of their kind will take place between the Ministries of Economy of Israel and Japan (METI) in Tokyo this week. Ohad Cohen, Head of the Foreign Trade Administration (FTA) in the Israeli Ministry of Economy will lead the talks along with his Japanese counterpart, Mr. Hideo Suzuki. The talks are part of Israeli government efforts to strengthen economic ties with Japan.
During the talks, topics related to Japanese imports and exports will be discussed, as will cooperation between the two ministries towards promoting exports and foreign investment. The FTA aims at holding such talks annually to help find specific solutions to obstacles facing Israeli and Japanese businesspeople and to work together with the Japanese Ministry of Economy, Trade and Industry to strengthen commercial ties.
Israeli Minister of Economy Aryeh Machluf Deri: “We see great importance in the Japanese market, one of the world’s largest economies, and we believe that this meeting will help Israeli exporters operate in this large, important market. The Ministry of Economy is working towards strengthening cooperation with Japan and increasing our exports to the country, and accordingly we will launch a targeted aid program in this area.”
Ohad Cohen, Head of the Foreign Trade Administration in the Israeli Ministry of Economy: “The Japanese economy and society have been undergoing a unique process of change and openness, which presents a golden opportunity for Israel – as a source of knowledge and global exporter of advanced technology – to increase cooperation and tighten economic relations with this country.”
Noa Asher, Head of Israeli Economic and Trade Mission to Japan: “Following years of efforts on the Israeli side to promote these talks, one of the reasons for the dialogue at this time is the tightening relations between Israel and Japan. This is due, amongst other things, to the mutual visits of the Prime Ministers of Israel and Japan in May, 2014 and January, 2015, together with high-ranking business delegations. This dialogue and the expected results will strengthen economic cooperation between Israel and Japan in the future.”
According to the Foreign Trade Administration in the Israeli Ministry of Economy, total trade between Israel and Japan stood at $2.3 billion in 2014, with exports to Japan reaching $800 million and imports $1.5 billion.
- Written by Ministry of Economy
ISRAEL, PANAMA MEET FOR SECOND ROUND OF NEGOTIATIONS ON FREE TRADE AGREEMENT
Negotiations Get into High Gear as Israeli Delegation Arrives in Panama
JERUSALEM – March 3rd, 2015 -- A 12-strong Israeli delegation headed by Ministry of Economy officials and comprised of professional staff from relevant government ministries are in Panama City to participate in a second round of negotiations for a free trade agreement between Israel and the Republic of Panama. The negotiations are part of the Foreign Trade Administration at the Ministry of Economy's policy of expanding Israeli exports to new markets, and the Israeli government's policy of strengthening relations with Latin American countries.
The agreement is expected to serve as another springboard for Israeli service providers - especially in software, communication, information security, engineering and R&D - thus expanding the potential of this and related markets.
The second round of talks began Monday in Panama City and will last four days. Twelve working groups are expected to discuss the following subjects: access to markets, customs, services and investments, intellectual property, protection of flora and fauna and veterinary aspects, trade obstacles, institutional issues and conflict resolution. Two more rounds of talks are expected before the negotiations are completed.
Head of the Foreign Trade Administration in the Israel Ministry of Economy Ohad Cohen said: "The Israeli Ministry of Economy continues to strengthen Israel's economic ties with countries around the world with an emphasis on developing economies with great potential for growth. In this case, we are expanding Israel's economic footprint in Latin America, in accordance with our policy of expanding export horizons for Israeli industry and service sectors. The agreement will forge new opportunities for Israeli companies and give them a competitive edge against foreign companies. Panama is a signatory to free trade agreements with many countries including the US, the EU, Canada, EFTA countries, Singapore, Taiwan, Peru, Colombia, Chile and Mexico. A free trade agreement with Panama will level Israel's position regarding trade benefits with those countries."
Mrs. Yifat Alon-Perel, Director, Bilateral Trade and Economic Agreements at the Ministry of Economy and head of the Israeli delegation to the talks said: "Free trade agreements constitute a significant framework for Israeli exports. Today, about 65% of Israeli exports go to countries with which Israel shares free trade agreements, giving exporters benefits regarding customs and a competitive edge. The Foreign Trade Administration continues to work for the benefit of Israeli exporters by guaranteeing their products remain competitive and by ensuring easier access to new markets while striving to remove trade obstacles exporters typically face in these markets. Israeli exporters enjoy a competitive advantage in Mexico thanks to the longstanding free trade agreement our countries have enjoyed since 2000, as well as to the Mercosur states, including Brazil, Argentina, Uruguay and Paraguay. In addition, one year ago a free trade agreement was signed with Colombia which is expected to go into effect in about a year. Our goal is to increase Israeli industry's competitive advantage by signing agreements with more countries, including Panama. Tightening economic ties with Panama is doubly important both for opening new markets for Israeli industry and for strengthening Israel's standing among Latin American countries."
According to the Foreign Trade Administration at the Israeli Ministry of Economy, the economy of Panama is based primarily on a developed service sector which constitutes more than three quarters of its GDP and includes the operation of the Panama Canal, logistics, banking, the free trade zone in Colón, insurance, ports, shipping registration and tourism. Economic growth in Panama in 2013 exceeded 8% and is attributed - among other factors - to the widening of the Panama Canal which began in 2007 at a cost of $5.3 billion. Additional infrastructure development projects expected to take place in the country may very well draw Israeli firms with relevant expertise.
Panama is a candidate to join the Pacific Alliance, a bloc of Latin American nations including Mexico, Colombia (both of which enjoy free trade agreements with Israel), Chile and Peru. The bloc includes 200 million consumers and a joint GDP of over $3 trillion. This constitutes 35% of the total GDP of Latin American countries and over 50% of Latin American trade. Israeli exports to Panama in 2014 stood at $25 million and imports from Panama at $3 million.