Whilst Israel bombs, the European Union trades
Troops Out | 21.07.2006 10:08 | Anti-militarism
Whilst Israel bombs Lebanon and Gaza to pieces, it may interest you to know that Israel is one of Europe's biggests trading partners. Below are some facts.
BILATERAL TRADE RELATIONS
Israel is one of the biggest trading partners in the Europe area, with total trade with the EU amounting to more than €22 billion in 2004. In the same year, the EU ranked number 1 in Israel’s imports and number 2 in its exports. Israel ranked 24th in the EU’s imports and 20 th in the EU’s exports (approx. 1% of total EU trade).
A constant feature of EU-Israel bilateral trade has been the trade deficit of Israel vis-à-vis the EU. In the past years, the deficit has decreased and even stabilised, as a result of a temporary slowdown of the Israeli economy, and also of the decline in demand for consumer goods in Israel, due to the decrease of migratory inflows from Russia and Eastern Europe.
EU-Israel trade statistics are traditionally distorted by the substantial trade in precious stones (diamonds), which accounts for more than 30% of total bilateral trade. Israeli exports to the EU represented 28% of total Israeli exports and Israeli imports from the EU 41% of total Israeli imports.
Trade in goods
In 2004 Israel's main exports to the EU consists of electrical machinery and equipment (23%), chemical products (20%), plastic and rubber (9%), optical measuring and medical instruments (8%). Israel’s major imports from the EU are electrical machinery and equipment (31%), chemicals (14%) and base metals (6%).
Read more on Israel’s settlement products in the Official Journal of the EU.
Trade in services
Israel is primarily a service economy. Services account for 77% of its GDP and 76% of the labour force. In 2003 the services balance between Israel and the European Union was in favour of the latter. The EU-25 exports to Israel mainly travel (35.1%, 2003) and transportation (26.1%, 2003), whereas it imports from Israel notably business services (42.4%, 2003).
Foreign Direct Investment
Since the mid 1990s, Israel has benefited from rising foreign direct investment’s inflows from the world, particularly in the telecommunications, electronics, and medical equipment, software, Internet and semiconductors sectors.
The EU-25 inward investment stocks from Israel in 2003 amounted to €2.4 billion. The EU outward stocks to Israel equalled €1.2 billion.
Contact all your members of the European Parliament and demand that the European Union use it's economic power to stop Israel bombing Lebanon and Gaza.
http://www.writetothem.com/
BILATERAL TRADE RELATIONS
Israel is one of the biggest trading partners in the Europe area, with total trade with the EU amounting to more than €22 billion in 2004. In the same year, the EU ranked number 1 in Israel’s imports and number 2 in its exports. Israel ranked 24th in the EU’s imports and 20 th in the EU’s exports (approx. 1% of total EU trade).
A constant feature of EU-Israel bilateral trade has been the trade deficit of Israel vis-à-vis the EU. In the past years, the deficit has decreased and even stabilised, as a result of a temporary slowdown of the Israeli economy, and also of the decline in demand for consumer goods in Israel, due to the decrease of migratory inflows from Russia and Eastern Europe.
EU-Israel trade statistics are traditionally distorted by the substantial trade in precious stones (diamonds), which accounts for more than 30% of total bilateral trade. Israeli exports to the EU represented 28% of total Israeli exports and Israeli imports from the EU 41% of total Israeli imports.
Trade in goods
In 2004 Israel's main exports to the EU consists of electrical machinery and equipment (23%), chemical products (20%), plastic and rubber (9%), optical measuring and medical instruments (8%). Israel’s major imports from the EU are electrical machinery and equipment (31%), chemicals (14%) and base metals (6%).
Read more on Israel’s settlement products in the Official Journal of the EU.
Trade in services
Israel is primarily a service economy. Services account for 77% of its GDP and 76% of the labour force. In 2003 the services balance between Israel and the European Union was in favour of the latter. The EU-25 exports to Israel mainly travel (35.1%, 2003) and transportation (26.1%, 2003), whereas it imports from Israel notably business services (42.4%, 2003).
Foreign Direct Investment
Since the mid 1990s, Israel has benefited from rising foreign direct investment’s inflows from the world, particularly in the telecommunications, electronics, and medical equipment, software, Internet and semiconductors sectors.
The EU-25 inward investment stocks from Israel in 2003 amounted to €2.4 billion. The EU outward stocks to Israel equalled €1.2 billion.
Contact all your members of the European Parliament and demand that the European Union use it's economic power to stop Israel bombing Lebanon and Gaza.
http://www.writetothem.com/
Troops Out