Last week the Gibraltar-Israel Chamber of Commerce (Gibrael) has held its Annual Dinner at the Sunborn Hotel. Chairwoman of Gibrael Chamber, Ayelet Mamo Shay, alluded to the strong links that Gibraltar has with Israel, which culminated in the first historic Gibraltar-Day in Tel Aviv last October, which saw 103 business people from Gibraltar attending the 2 days event along with Gibraltar’s Minister for Commerce, Albert Isola, who addressed the large crowd of Israeli professionals.
Governor Edward Davis, who addressed the attendees at the event, mentioned that “the relationship between Gibraltar and Israel has never been stronger” and observed that Gibrael Chamber had been the go-to point of contact not only for businesses in Israel, but also Jewish business men and women from all over the world. For her part, Minister Samantha Sacramento, who was part of Gibrael Chamber’s business delegation to Israel, said in these troubled times, it was important for Gibraltar to look beyond European shores for future relationships, and she couldn’t think of a better one than a country with such similar synergies to Gibraltar.
President of Gibrael Chamber, Eran Shay, added: “Next month we are taking the 5th business delegation from Gibraltar to Israel to what is promised to be another highly exciting and productive trip. With Brexit looming, Israel offers a huge potential for Gibraltar. It is not too far and is certainly a manageable size”.
Earlier last week the UK has signed a free trade agreement with Israel. One of the first such agreements that will benefit the UK post-Brexit. Indeed, last year, the trade turnover between the two countries amounted to over £4 billion.