The Conference announces the opening of its new Trade Office in Jerusalem
The Conference of Great Lakes St. Lawrence Governors and Premiers is pleased to announce the opening of its new Trade Office in Jerusalem, Israel. The office will assist small to medium-sized companies from the Great Lakes region to export their products and services to Israel and Jordan. The addition of the Israel office brings the GSGP’s network of shared international trade offices to 15 covering 98 global markets.
Israel is the US’ 24th largest goods trading partner with $34 billion in total trade during 2019. Goods exports totaled $14.4 billion while imports totaled $19.5 billion. Trade in services with Israel (exports and imports) totaled an estimated $15 billion in 2019. For Jordan, goods exports from the U.S. in 2019 were $1.5 billion with imports of $2.2 billion. Trade between both countries and the U.S. is facilitated by the existence of Free Trade Agreements allowing the unhindered passage of goods, duty-free.
The top export sectors for U.S. companies in this area are security, life sciences, medical devices, industrial equipment, gourmet processed foods and electrical equipment.
“Both Israel and Jordan are mature markets with companies eager to do business with U.S. and Canadian companies” says Sherwin Pomerantz, Director of the new GSGP Israel Trade Office. “The Great Lakes region, which includes such a high percentage of North America’s manufacturing capability, is a natural source of goods and services for both countries.” The Israel Trade Office stands ready to provide personal assistance to companies in the region seeking to explore new export markets in Israel and Jordan.
Are you interested in learning more about Israel and Jordan market opportunities? Join us for a FREE “Export Opportunities in Israel and Jordan Webinar” on Tuesday, September 29, 2020 at 10:00 a.m. Eastern. Register here.