Trade between the UK and Israel is at a record high, new figures have shown.

Total bilateral trade amounted to £2.4 billion from January to July – a 1.2 per cent increase on the same period last year.

There has been a 3.7 per cent increase in imports from Israel to the UK, but a 3.6 per cent drop in exports from the UK to Israel. The figures do not account for trade in services and diamonds.

Daniel Saunders, of the Israeli embassy’s trade department, confirmed plans to further strengthen bilateral ties in sport, travel and retail – “three industries where the UK is a world leader”, he said.

The figures were announced after an event in London on Thursday last week, which introduced Israeli technology companies to major British retail brands and manufacturers.

Read the full article at: The Jewish Chronicle