SelectUSA 2016 Foreign Direct Investment Summit was attended by over 2400 delegates from over 70 countries. The Israeli delegation led by US Ambassador Daniel Shapiro, was one of the largest delegations to attend. The delegation of 30 executives from 20 Israeli companies included the CEOs of large industrial conglomerates, such as Chamber members Teva Pharmaceuticals, ICL Group, Caesarstone Ltd., Mobileye and Netafim to startup companies such as Woosh and Phinergy. All companies either already invested in the US and are looking to expand operations there, or are looking to establish presence and operations in the US. The Chamber assisted the US Embassy in the delegation set-up and was represented by CEO, Oded Rose.

The SelectUSA Summit provides the companies with a direct single point of contact to all state, local Economic Development Officers (EDOs) and counties. This assists them in making an informative decision based on their business requirements and outlines their specific advantages and incentive packages.
The US Administration puts a lot of effort into the SelectUSA Summit. President Obama addressed the delegates and six cabinet ministers led panel discussions attended by the CEOs of some of the world's leading companies. Teva's CEO, Mr. Erez Vigodman participated in a panel hosted by SelectUSA Chief, Secretary of Commerce, Penny Pritzker.

Maria Contreras-Sweet,

Ms. Maria Contreras-Sweet, President Obama's cabinet member and SBA Administrator (equivalent to Secretary) met with Chamber CEO, Oded Rose. At the meeting Ms. described the purpose of the Small Business Administration (SBA) (relatively unknown in Israel). There are numerous federal incentives and programs that support small and medium businesses in the US. These include, angel financing, micro-loans, and other loan programs. A certain percentage of most government contracts are allotted to small businesses. This could be an advantage for an Israeli firm looking to bid on US government contracts, if they partner with or ensure that part of their supply chain is coming from small businesses. For more information This email address is being protected from spambots. You need JavaScript enabled to view it.

Following a recent (4/16) Circular by the Israeli Tax-Authority that changed an existing interpretation of the international convention on taxation of internet business, the Chamber rekindled the work of the Chamber Taxation Committee. This is in response to requests from several internet-business Chamber members.

The Committee is headed by Deloitte's partner Mr. Yitzhak (Chicko) Chickorel, a Platinum chamber member. The Committee has drafted a professional opinion paper and is representing the sector in discussions with the Finance Ministry and the Tax Authority.

Chamber members are invited to meet with a multidisciplinary delegation from Brooklyn, New York, organized in collaboration with the Brooklyn Chamber of Commerce.The delegation will include companies in the area of

food and beverages, jewelry, industrial equipment, military equipment, and Internet services.

The visit is being organized by the New York trade representative in Israel, the Federation of Israeli Chambers of Commerce and our Chamber. During the visit, the delegation will meet with Israeli companies looking to create dual projects and partnerships. On February 15th the delegation will take part in a B2B event with Israeli companies,
you are welcome to sign up and meet with them.

For the invitation and further information on the companies

Click Here

The Chamber, together with Platinum Chamber member KPMG (Somech) and the Strauss Group, initiated an Israeli-American Food-Tech Ecosystem. The Ecosystem will build on the success of local Israeli initiatives such as The Kitchen and Alpha and will expand them into a larger across the ocean group that will include large food companies, startup food-tech technology companies and investor groups. If Food Tech is on your radar, save the date for our upcoming Round-table on July 26. 

Deputy Under Secretary of Commerce for International Trade Meets Israeli Water Companies

U.S. Department of Commerce Deputy Under Secretary for International Trade Kenneth Hyatt, recently held a round table of Israeli Water Companies organized with the Chamber. Mr. Hyatt also signed a memorandum of understanding with the Authority of Innovation (prev. Matimop) to further promote cooperation between the two governments on innovations, covering a range of fields including the water segment.

Government–Business Water Conference in Las Vegas December 2016

Our affiliate, the US Chamber of Commerce together with our Chamber are organizing a 2-day water conference that will bring together senior officials from the Federal, State and local government, together with business leaders associated with the water segment.  The conference is planned to take place in Las Vegas, Nevada between December 12–13. Save the date. More information to follow and by contacting the chamber.

Trade Secrets Law: A US & Israeli Perspectives

Thursday, July 21, 2016, 09:00 - 11:00
Herzog Fox & Neeman , Asia House, 4 Weizmann Street, Tel Aviv

BDS – Save the Date  - September 13