ISRAEL 
HIGH-TECH & INVESTMENT REPORT

from the December 2005 issue


Shared Values for a Firm Business Foundation

The U.S.-Israel relationship is based on the twin pillars of shared values and mutual interests. Given this community of interests and beliefs, it should not be surprising that support for Israel is one of the most pronounced and consistent foreign policy pillars of the American people.

"Our relationship would never vary from its allegiance to the shared values, the shared religious heritage, the shared democratic politics which have made the relationship between the United States and Israel a special--even on occasion a wonderful--relationship, said former American President Bill Clinton, and a recent visitor to Israel. The two nations cooperate on a wide variety of projects that reinforce their common beliefs. These shared value initiatives cover everything from science to education to health and to high-tech.

Today's interdependent global economy requires that trade policy be developed at the national and state level. Many American States are realizing significant benefits by increasing trade with Israel. No fewer than 23 states have cooperative agreements with Israel.

As a result of the recent visits by technology and trade missions to Israel, led by Governors of individual American States, new business ties are being forged. The American-Israel Chamber of Commerce recently concluded a technology and trade mission to Israel with a delegation of 40 Georgia business leaders. The mission, including Georgia Governor Sonny Perdue, officials from the Georgia Department of Economic Development and business leaders from targeted Georgia industries visited Tel Aviv, Jerusalem, Caesaria, Haifa, Yokneam-Megiddo and Ra'anana. The delegation met with Israeli governmental leaders and potential business investors in the technology and bioscience industries. A number of major business deals were announced during the mission: "This mission generated new economic activity in Georgia and enhanced our state's position as one of Israel's primary business centers in North America," said Perdue. Georgia is a regional or United States headquarters to more than 40 Israeli companies.

Last year, the United States and Israel did $23.7 billion in business, up from $3.5 billion in 1985, the year the two nations signed their first free trade agreement. Moreover, last month two Israel-based technology companies announced that they are shifting headquarters operations to Maryland. Three other companies are opening key offices there as part of the state's push to recruit Israeli high-tech companies, Lt. Gov. Michael S. Steele said in an interview while in Tel Aviv. Today, it's about technology." said Maryland Governor Steele, who was on a five-day trade mission to Israel

About 30 Israeli companies have operations in Maryland, according to the Maryland/Israel Development Center in Baltimore

As American states like Georgia, Maryland and Virginia lead the way in attracting Israeli companies, Israelis are quick to realize that these states open the portal to the vast American market.



Reprinted from the Israel High-Tech & Investment Report December 2005

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