ICCP President Itamar Gero Invites Export Businesses to Venture into the Israeli Market
Israel Chamber of Commerce of the Philippines (ICCP) President Itamar Gero last week invited potential investors to expand their export businesses in the Israeli market, in a seminar called “Doing Business with Israel” last December 9 during Exporters Week.
The Department of Trade and Industry (DTI), together with the Export Development Council and the Philippine Exporters Confederation, Inc., organized the series of seminars entitled “Philippine Export Competitive Program.” Representatives from the Manila embassies of Israel, Russia, Mexico, South Africa, and India gave their own remarks on trade and export viability within their respective countries.
Nurturing the Relationship
The ICCP has always encouraged business-to-business networking and bilateral trade between Israel and the Philippines. Mr. Gero talked highly of the “strong affinity and bond” of the two countries as they celebrate the 60th anniversary of their diplomatic relations.
“Israel and the Philippines, despite its physical distance, have maintained this bond,” says Mr. Gero, “and we enjoy a healthy diplomatic and trade relationship.”
The ICCP president presented Israel as a very viable country for export businesses, given its advanced economic growth rate, high life expectancy, excellent macroeconomics, first-rate medical technology, outstanding tourism, and the best expenditure on research development in the world.
The trade relationship between Israel and the Philippines continues to grow with Philippine imports from Israel having experienced a sharp increase by 68.16% from 2014 to 2015. Over 30,000 Filipinos still live and work in Israel today.
The Embassy of Israel collaborates with the ICCP in strengthening the economic partnership between Israel and the Philippines, promising to lend a hand to local businesses that are eager to join the Israeli market.
“As one of the youngest chambers, we have already built a strong high-level network of Israeli and Philippine business and government executives alike,” says Mr. Gero. “We invite you to take part in it.”