5 Israel and UK: A new roadmap UK-Israel Trade Relationship worth appx. £7 billion This past March, the UK and Israel signed the 2030 Roadmap for UK-Israeli Bilateral Relations, the prime goal being to boost economic, security and technology ties and to ensure the partnership remains modern and innovate so as to address shared challenges. The Roadmap included new multi-millionpound programmes, joint funding commitments on technology, and a plan to keep both countries at the forefront of the technological revolution. Adopting a thematic approach, the Roadmap contains detailed commitments for deepening cooperation across a broad range of sectors, including on cyber (with the UK elevating Israel to a tier 1 cyber partner), science and tech, R&D, security, health, climate and more. In this latest feature, we take a deep dive into the state of the UKIsrael relationship, the challenges being faced, and the prospects going forwards, hearing the views of some of the most active and prolific lawyers in both markets. The UK-Israel trade relationship has already delivered huge benefits to both economies. The UK-Israel trade relationship is worth around £7 billion, up from £5.1 billion at the end of 2021. According to the UK Foreign Secretary, James Cleverly, who signed the Roadmap in March: “There are more than 400 Israeli tech firms operating in the UK. Israeli investment into the UK drives growth and jobs, adding around £1 billion gross value to the UK economy and creating about 16,000 jobs in the last 8 years.”
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