In a bid to target the
Middle East Market Apparel Market, Apparel Export Promotion Council is
organized a Buyer Seller Meet in Tel Aviv, Israel from 5 – 6 September
2012. This is for the first time the Council is organizing such a huge
event in the Middle East region. The Textile and Apparel Show in Israel
was inaugurated on 5th September 2012, by Secretary (Textiles),
Government of India Smt. Kiran Dhingra, in Tel Aviv Exhibition Centre.
The show was organized by Apparel Export Promotion Council of India.
Speaking on the occasion, Dr A. Sakthivel, Chairman AEPC said, “Israel
is an important market and with the India- Israel FTA in the anvil, we
are hopeful of increased trade between the two countries. AEPC for the
first time is organizing a Buyer Seller Meet in Israel to capture not
only the Israel apparel market but also US $ 11 billion apparel market
of Middle East region."
The first day of the two day show, from 5th to 6th Sept 2012 in Tel
Aviv, saw over 140 buyers from leading retail chains like Delta, Fox, Co
op Israel, Matimli and Crazy line. Dr Yuli Tamir, President, Shenker
College of Engineering & Design besides many leading fashion designers
were also present on the occasion.
On the occasion a high level delegation has also been mounted with the
aim of exploring areas of cooperation between Israel and Indian in the
areas of Textiles and Apparel. Taking this mission forward, Chairman
AEPC signed a MoU with Israel Export and International Cooperation
Institute today. Mr Ramzi Gabby, Chairman of IEICI signed on behalf of
the Institute. The MoU is aimed at enhancing trade and economic relation
by expanding business and cooperation in the sphere of clothing &
fashion industries, innovative technologies and possible solutions for
the textile industry. AEPC and IEICI will be working towards
facilitating linkages of appropriate organizations that can contribute
in furthering apparel trade. Chairman AEPC was hopeful that the MoU will
go a long way in knowledge transfer for mutual enhancement of trade.
Israel’s RMG Imports:
Israel`s RMG Imports, US$ Million
Import From World949.91058.81278.320.7
Import From India18.419.034.481.3
India`s Share in %22.214.171.1240.1
Source: UN Comtrade, 2012
► (It can be seen from the above exports figures that there is a
tremendous potential of export of readymade garments to Israel)
Israel is the only country in the world that has FTAs with both the U.S.
and the EU, making it a bridge between the continents. By virtue of the
North American Free Trade Area agreement (NAFTA), Israel also enjoys
duty-free access to Canada and Mexico. This agreement, together with the
Israel-Mexico FTA (which became effective in the summer of 2000), allows
Israel duty-free access to practically all of North America. Israel also
has FTAs with Jordan, Egypt, Turkey and the Palestinian Authority.
Apparel Trade of Israel
India is significant trade partner of Israel. Though India has a trade
deficit in comparison to Israel, however, prospects for trade relations
are high. Israel in terms of Apparel imports has been ranked as 31st
largest importer in world with a share of 0.3% of total world apparel
import. India is ranked as 8th largest supplier of apparel to Israel
with the share of 2 percent in 2011. India’ export in 2011 was to the
tune of US$ 21.6 million which had increased by 14 per cent from
previous year. However share of India’s apparel export in Israel apparel
import is less than 2 percent.