April 6, 2015

Israeli Trade with Latin America on the Rise

Sorry to inform you BSemites, but your boycott ain't working too well. A recent Israeli commercial delegation to Panama was met with warm welcomes, and successfully negotiated further deals between Panama and several high-tech Israeli companies. This is just a beginning of the further enhancing of Israeli-Latin American economic ties. See this Times of Israel report:
Last week, a dozen members of an official Ministry of Economy delegation visited Panama City to meet with colleagues regarding the formation of a free trade agreement between Israel and Panama. Twelve working groups discussed access to markets, customs, services and investments, intellectual property, protection of flora and fauna, trade obstacles, institutional issues and conflict resolution. 
Israeli officials who have been working on deals with Latin American countries believe that there is a great demand for Israeli technology and expertise, in a wide variety of fields. 
Israel has observer status within this group and already has deals with some members of the Alliance, such as a recently signed cooperation agreement with Mexico for industrial R&D. Under the deal, Israeli and Mexican companies will receive assistance in funding joint projects in several areas of research and development, including water management, desert agriculture, pharma and medical devices, electronics and communications.
In your face, BSemites!