02 Nov 2017
UK Israel Business Brexit

The JC: Israeli firms fear Brexit impact on UK trade

Israeli companies operating in Britain have outlined their concerns over trade and investment prospects following Brexit.

A major survey of foreign business leaders in this country included 17 Israeli companies.

Trade between Britain and Israel has been at record levels in recent years, but the Israeli firms’ responses painted a negative outlook, with 65 per cent saying they were “not very confident” that the government would secure a good deal by the time the UK leaves the EU in March 2019.

They said their priorities for the negotiations included finding a solution to allow companies to have access to the European single market for goods and services.

Hugo Bieber, chief executive of the UK Israel Business (UKIB) group, said: “The survey shows there is still a lot of work to be done to reassure on Britain’s Brexit readiness and to lock-in record trade levels.”

A delegation of 35 UK business leaders from around 30 companies will travel to Israel this month to discuss strategies for dealing with Britain’s departure from the EU.

Read more here: https://www.thejc.com/news/uk-news/israeli-firms-fear-brexit-impact-on-uk-trade-1.447119