America regained its status as the top target for Israeli exporter with statistics showing $2.2 billion in goods were shipped to the U.S.in July-August, exceeding goods shipped to the European Union.
Israel’s economy has surprised experts by its resilience in the face of the world economic downturn, with the rating company S&P giving Israel an A+ thumb’s up saying the “Israeli economy continues to generate solid economic growth.”
The Israeli economy is still growing at a healthy 3.2 percent with Israeli financial policy maintaining a stable economic environment. While economic woes are causing financial headaches to leaders in several countries, the International Monetary Fund concluding earlier this year that Israel’s economy remained strong.
While America remains a target for Israeli exporters, American states continue to develop relations in a bid to attract Israeli businesses to open up stateside. Last month Maryland Governor Martin O’Malley announced a November trade mission to Israel searching for additional opportunities for his state, where the Israeli high-tech company ELTA Systems opened a branch and will create 100 local jobs.
“There is no question that, in the minds of the United States government, Israel is a strategic asset to the United States, and that the relationship between our countries is based on common interests and shared values,” U.S. Ambassador to Israel Daniel Shapiro said earlier this year.