Trade between Australia and Israel has enjoyed healthy growth in the past decade, growing from $US 132 million to $US 368 million. As Israel and Australia learn more about the capabilities and strengths of each other, these trade statistics will continue to grow. There are eight key sectors which are anticipated to be the key growth areas in trade, and the following article will ask the questions : in which sectors do the opportunities exist, why are these sectors relevant to Australia, and how do I find out more about the available opportunities.
These key sectors are :
There are well established business relations between Australia and Israel in the first three sectors, with the remaining sectors predicted to be the emerging and growing markets.
There is, and always will be a market for consumer goods, but Israel's real strengths lie within the value added. There are common themes prevalent in the above mentioned sectors including high-tech, research and development (R&D), and innovative niche products.
There is potential and opportunities in importing or distributing Israeli consumer goods, as well as forming joint ventures and strategic alliances in the above mentioned sectors.