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May 22, 2017 12:54 pm

With Trump in Town, Israel Declares Goal of Increasing Exports to $100 Billion Annually by 2020

avatar by Ben Cohen

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US companies like Microsoft maintain large R+D centers in Israel. Photo: Wikimedia Commons.

Israel’s economy minister wants to boost the Jewish state’s exports over fivefold by the end of this decade.

In a statement issued as President Donald Trump began his official visit to Israel, Eli Cohen said that “one of our main goals is to increase Israeli exports to more than $100 billion by 2020.”

Israeli President Reuven Rivlin pointed to his country’s economic successes — as well as the potential of Israeli-Palestinian business partnerships — in remarks during a joint appearance with Trump in Jerusalem on Monday.

“We can have here an oasis,” Rivlin said. “An international center of tourism; a Start-Up Land, ‘Silicon Valley from the Jordan to the Sea.’ But we must be sure that we don’t go to sleep with a dream, and wake up with a nightmare: with Iran, ISIS and Hamas, in our borders.”

 

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