6 “We have seen decent deal flow both ways this year, with many formal and informal delegations exploring collaboration opportunities,” says Dan Turgel, London partner at White & Case, and co-head of the firm's Global Technology Industry Group. “The Roadmap is definitely a step in right direction.” “While it is too early to predict how the new trade agreement will play out, it is definitely a positive step,” agrees Simon Marks, partner at Epstein Rosenblum Maoz (“ERM”). He continues: “We will need to see what specific initiatives aimed at promoting bilateral trade come out of the agreement, and how successful these are; however a deepening of the formal and informal connections is certainly a good thing for Israeli business.” "We expect that this will soon be complemented by a new free trade agreement,“ adds Adam Meisels, London partner and head of Israel Desks at Bird & Bird. “That will further strengthen the relationship between the countries by focusing on the trade of services and technology and be more suited to the technological advancements of the future." Current status of the UK-Israel relationship Source: UK Government (released August 2023) Trade Figures Year to Q1 2023 Change on year to Q1 2022 Total Trade in Goods & SWervices £7.3 billion +29% Total UK exports to Israel £3.8 billion +32% Export of goods £1.8 billion %14+ Export of services £1.9 billion %55+ Total Israel exports to UK 3.6£ billion %28+ Export of goods 2.5£ billion %28+ Export of services 1£ billion %28+
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