israeli consulate

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Information on doing business in Italy, presented at International Trade Fair on 12/7/12

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  • 1. Promoting Israels Trade GloballyAn Overview of the Israeli EconomyAri RokniDirector of Business & Trade DevelopmentDecember 7, 2012

2. Welcome to Israel 3. Israels Competitive Edge1st in the world for flexibility and adaptability1st in the world for scientific research1st in the world for entrepreneurship1st in the world for information technology skills1st in the world for expenditure on R&D (as % of GDP)2nd in the world for innovative capacity2nd in the world for venture capital4th in the world in utility patents per million population 4. Israels Main Economic IndicatorsCriteria2006200720082009 20102011GDP (current prices in144.0B$ 164.1B$ 191.8B$193.1B$ 204.6B$214.2B$$B)*GDP Real Growth Rate 5.2%5.4%4.0%0.7% 4.8% 4.7%(%)GDP per Capita (PPP)**24,271$ 26,226$ 27,355$27,054$ 29,602$ $31,005**GDP per Capita GrowthRate 3.3%3.5%2.1% -1.1% 2.9% 2.8%(%, Current prices)Exports62.6B$71.2B$80.4B$ 67.9B$87.7B$ 91.9B$(Goods & Services)(As %of(43.5%) (43.4%) (40.3%) (30%)(42.9%)(42.9%)GDP)Imports62.2B$73.5B$84.3B$ 63.1B$82.3B$(Goods & Services)(As %of 91.0B$(43.2%) (45.1%) (42.2%) (29%)(40.2%)GDP)Unemployment Rate8.4%7.3%6.1%7.4% 6.6% 5.7%Source: Investment Promotion Center**Estimated 5. Israels International Trade - 2011 Export of Goods 91.9 Billion $Imports of Goods 91.0 Billion $(Using a public exchange rate of 1USD=3.6NIS (2011 average* 6. Israels Free Trade AgreementsExisting:UnderEU Examination:USAIndiaEFTA South KoreaTurkey ChileMexico UkraineCanadaMERCOSUR63% of Israels6% of IsraelsTrade in Trade in 20092009 7. Main Trading ItemsIsraeli ExportsIsraeli Imports 8. Key Industries 9. Global Center for R&DCompanyNo. of Employees SectorIntel5,400Semiconductors)HP- (Indigo & Mercury 5,000Capital EquipIBM1,100Computing EquipCisco1,000SoftwareMotorola 1,000TelecomApplied Materials1,000.Capital EquipSAP800SoftwareFreescale570SemiconductorsMicrosoft600SoftwareSamsung100Semiconductors 10. Multinationals in Israel Microsoft built its first R&D facility outside the USin Israel Veolia partnered to operate one of the largest RODesalination plant in the world. Cisco built its first R&D facility outside the US inIsrael Motorolas Israel facility is the companys largestdevelopment center worldwide. IBM chose Israel for its first VC investment outsideof the US Intel has 4 R&D facilities and 2 manufacturingcenters in Israel, employing 7,000 Israelis Google opened 2 R&D centers in Israel 11. Economic IncentivesOffice of the Chief Scientist (OCS) Global Enterprise R&D Cooperation Framework Joint R&D projects between MNCs and Israeli companies, authorized by the OCS, could be entitled to financial assistance with the Israeli companys R&D approved costs. BIRD Foundation (Israel-US Binational Industrial Research and Development) Offers conditional grants for joint development projects on a risk-sharing basis. BIRD funds up to 50% of each companys R&D expenses associated with the joint project. Technology Incubator Program Up to 85% of early stage project costs Investment Offers tax benefits for 10 years and investment grants to foreign companies 12. Matchmaking & Access to the Israeli Industry America-Israel Chamber of Commerce (Chicago) Federation of Israeli Chambers of Commerce (Israel) Israel-America Chamber of Commerce (Israel) Israel Export & International Cooperation Institute (Israel) Government of Israel Economic Mission to the Midwest 13. Thank You

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