Fare business in Israele: overview macroeconomica e trade agreement UE– Israele Natalie Gutman-Chen Ministro per gli Affari Commercially Ambasciata d’Israele
About us • Division of the Israel Ministry of Economy , located in Milan • Work actively on increasing bilateral trade between Israel and these countries, focusing on Israeli exports, that will mutually benefit both countries • Provide individualized services to Israeli exporters • Support scouting and sourcing to Italian companies • Support joint Research & Development projects in public funding programs • Attract Foreign Direct Investment in Israel • Manage and promote Israeli national pavilions at major trade events • Focal point for Information on the Israeli Industry and Economy 2
3 Israel Figures 2016 Criterion 2016 GDP (US $B) 297 GDP Per Capita (Fixed prices ,US $) 37,262 Real GDP Growth (%) 4 Inflation rate (%) -0.3 Population Average (Millions) 8.174 Employed Persons (Millions) 2.745 Labor Force Participation Rate (%) 63 Unemployment Rate (%) 4.4 3 Source: Israel C.B.S
GDP growth forecasts were revised upwards 4 Source: Ministry of Finance
Israel’s Exports and Imports of Goods, 2015 Total Export (Goods): 64.1 B$ Total Import(Goods): 47.3 B$ CENTRAL & EASTERN EFTA EUROPE 2.5% 4.1% 7.4% E.U. 5.4% NORTH 25.1% AMERICA 36.4% ASIA 29.9% 27.7% 13.6% 24.6% AFRICA 1.6% LATIN AMERICA 0.4% OCEANIA 2.3% 0.9% 1.2% 0.3% 5 Source: Israel C.B.S
Israel-Italy Trade
Existing Free Trade Agreements ( ) Canada 1997, 2015 European Union (1975,1995) * upgraded ( ) Columbia 2013 United States (1985) ( ) Panama 2016 Turkey (1997) EFTA (1992, 2016) ( ) Mexico 1999 * Updating the agriculture section ( ) ITA2 2015 ( ) Mercosur 2007 * Tariff reductions commencing July 2016 7 Source: Ministry of Economy and Industry
E-commerce in Israel • Israeli shop online-95% of connected people buy at least once in the last year-highest result in the world. • 54% of Israelis are buying frequently online • For Israelis buying online is a way to deal with high prices • Fashion and electronic gadgets which have positive • 60% are buying in foreign websites • For fashion – 3 leading websites: Ebay, Alli Express & Next 8
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