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Monday, June 02, 2008

Trade: Israeli Arabian Exports Could Reach $1 Billion

Despite the fact that many of its neighbors have less than thrilling thoughts about the Jewish state (although there were a few praises not too long ago), it looks like trade between Israel and a few Arabian countries may potentially reach a billion dollars.

(Globes Online) Direct exports to Arab countries continue to grow. Exports to Jordan, Egypt, Tunisia, and Morocco were 45% higher in the first quarter of 2008 compared with the corresponding quarter of 2007, the Israel Export and International Cooperation Institute reports. It estimates the potential of exports to Arab and Muslim countries which with Israel has no current trade relations at $1 billion.

According to Globes, Jordan and Egypt are Israel's biggest middle eastern markets, with the Jewish state trading $102 million and $40 million, respectively, in the first quarter of this year alone!

It looks like middle eastern citizens are once again "voting" with their wallets, showing appreciation (or at least satisfaction) of Israeli products, regardless of what their political leaders might be saying.

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