Officials representing chambers of commerce from across the U.S. joined U.S. Chamber of Commerce executives to kick off a long-term initiative called Business Israel in collaboration with the Israel-America Chamber of Commerce (AmCham Israel).
The initiative, which drew 17 CEOs and company presidents at its first meeting, aims to increase market potential for American exports and to provide a supportive structure by which Israeli entities in the fields of water and agriculture, cybersecurity and health can cooperate with U.S. counterparts.
Business Israel, which is being led by Myron Brilliant, the U.S. Chamber of Commerce's executive vice president and head of international affairs, will strive to attract chamber directors from state and local chambers to Israel over the next three years, the U.S. chamber said.
“The U.S.-Israel commercial relationship supports thousands of jobs in the U.S. and drives technological innovation that benefits our companies and economies,” Brilliant said in the release. “By bringing American state and local chamber executives to Israel, we can encourage international collaboration and boost economic growth in our cities, states, and country.”
The U.S. first collaborated with Israel on a free trade treaty in 1985. Today, more firms on the NASDAQ exchange hail from Israel than any other nation outside the U.S., the U.S. chamber said, with 40y percent of all Middle Eastern investment originating in Israel.
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