Europe might yearn for the good old days when Israel was a fledgling state, vulnerable to economic threat, but nowadays Europe's trade with Israel is booming, and very much in Europe's favour. Israel's current annual trade deficit with the EU is $8.5bn.
While the recent EU-Israel trade-association agreement may benefit Israel, it will give European companies access to Israel's hugely innovative science and hi-tech sector. Many people believe that Europe stands to gain far more from the association than does Israel.
Britain-Israel Public Affairs Centre
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