Foreign Trade

Foreign Trade
   The foreign markets for Israeli products and even the pattern of industrial growth were shaped by the Arab boycott that precluded the possibility of Israel developing close trade links to the economies of its immediate neighbors. Instead, the country had to seek more distant markets. The peace agreements with Egypt and Jordan and the accords with the Palestine Liberation Organization (PLO) led to a partial suspension of the Arab boycott in the early 1990s, which resulted in only modest improvements in the level and quality of commercial interaction between Israel and its neighbors. It is also a fact that there is limited compatibility between Israel's advanced industrial economy and those of its Arab and Muslim neighbors.
   Israel's exports reached about $40.14 billion in 2005 and included such products as manufactured goods, including high-tech electronics and computer software, diamonds, citrus and other fruits and agricultural products, chemicals, plastics, rubber products, mining and quarrying, textiles, processed foods, wood products, paper, and jewelry. Tourism is also an important earner of foreign exchange. Israeli imports, valued at more than $43.19 billion in 2005, included raw materials; machinery; equipment and vehicles for investment; consumer goods; rough diamonds; fuels; and ships, aircraft, and other military equipment.
   Israel's major trading partners include the United States and the European Union (EU), as well as China and Hong Kong. The establishment of free trade agreements with the United States and the EU were important for Israel's export market. Israel has also signed free trade zone agreements with Canada, Turkey, and several countries in eastern Europe, and it has made important economic inroads in the former Union of Soviet Socialist Republic (USSR) and Asia. Israel's economy is fully interconnected with the global economy, to the extent that economic trends elsewhere in the world, such as in Russia and Asia, have a direct bearing on the well-being of the Israeli economy.
   See also Zim Shipping Line.

Historical Dictionary of Israel. .

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • foreign trade — ➔ trade1 * * * foreign trade UK US noun [U] COMMERCE ► the activity of trading goods and services with other countries: »He said putting up barriers to foreign trade and guarding jobs might work in the short run but not indefinitely. »Mexico is… …   Financial and business terms

  • Foreign Trade — of the DPRK ist eine nordkoreanische Zeitschrift, die seit 1965 vierteljährlich in deutscher, englischer, russischer, chinesischer, spanischer, japanischer und französischer Sprache erscheint. „Foreign Trade of the DPRK“ ist das… …   Deutsch Wikipedia

  • foreign trade —    Although Spain s foreign trade cannot be compared to that of traditional trading nations such as Germany or the UK, it is nevertheless among the top twenty in the world, with about 2 percent of visible global trade by value (compared to about… …   Encyclopedia of contemporary Spanish culture

  • Foreign trade —    During most of the Soviet period, most of Russia’s foreign trade was with its allies in the Eastern Bloc and friendly regimes in the Third World. However, the inefficiencies of the Council for Mutual Economic Assistance (COMECON), which… …   Historical Dictionary of the Russian Federation

  • Foreign trade of Communist Czechoslovakia — Foreign trade played an important role in the Czechoslovak national economy (as opposed to the Soviet Union)./ History and timeline / 1945 1953 The foreign trade enterprises successfully carried out the government s policy of rapidly redirecting… …   Wikipedia

  • Foreign Trade Center Hotel Fuzhou (Fuzhou) — Foreign Trade Center Hotel Fuzhou country: China, city: Fuzhou (City) Foreign Trade Center Hotel Fuzhou Location The hotel is conveniently located in the city center, ideal for shopping and easy access to the commercial center.Rooms Well… …   International hotels

  • foreign trade zone — ➔ zone1 * * * foreign trade zone UK US noun [C] (abbreviation FTZ, also free trade zone) COMMERCE, TAX ► a port, airport, or other area into which goods can be brought and stored without paying import tax before being exported to another country …   Financial and business terms

  • Foreign Trade of the DPRK — ist eine nordkoreanische Zeitschrift, die seit 1965 vierteljährlich in deutscher, englischer, russischer, chinesischer, spanischer, japanischer und französischer Sprache erscheint. „Foreign Trade of the DPRK“ ist das Außenhandelsmagazin… …   Deutsch Wikipedia

  • foreign trade zone — foreign trade zone, a port or area where foreign goods may be unloaded, stored, and shipped without being subject to customs duties or taxes; free trade area; free port …   Useful english dictionary

  • Foreign trade of the Soviet Union — Soviet foreign trade played only a minor role in the Soviet economy. In 1985, for example, exports and imports each accounted for only 4 percent of the Soviet gross national product. The Soviet Union maintained this low level because it could… …   Wikipedia

  • Foreign trade of Argentina — This article is about the foreign trade of Argentina. See Economy of Argentina for a more general overview. Modern historyAgriculturally productive and thinly populated, Argentina recorded trade surpluses for most of the period between 1900 and… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”