UK-Israel Trade

Alan Mak Excerpts

Tuesday 3rd July 2018 Westminster Hall

[Alan Mak (Havant) (Con)]

It is a pleasure to serve under your chairmanship, Mr Evans. I congratulate my hon. Friend the Member for Bolton West (Chris Green) on securing the debate. I, too, draw the attention of the House to my entry in the Register of Members’ Financial Interests, which shows that in May I joined other colleagues on a visit to Israel, to meet Jews, Palestinians and Bedouins, strengthen the trade relationship between the UK and Israel, and promote my constituency as a destination for inward investment by Israeli businesses. As the House will know, Havant is a centre of excellence for technology, trade, investment and science, and I am pleased to say that, following my visit, a number of Israeli businesses are in discussions with me about opening offices there. I look forward to continuing those discussions.

The debate is timely, as trade between the UK and Israel is at a record high level. Obviously I welcome the visit to Israel made by His Royal Highness the Duke of Cambridge last month. Israel is the original start-up nation and a global powerhouse for science, technology and innovation. It is a key driver of the fourth industrial revolution. It has the highest density of start-ups in the world, and has earned its title as the start-up nation by, amazingly, having the equivalent of one start-up for every 1,600 people.

As the fourth industrial revolution accelerates, our two economies will increasingly be powered by artificial intelligence, big data, robotics, advanced manufacturing, precision medicine and other advanced sciences. I hope that the Minister will join me in championing Israel as one of the UK’s leading partners and will make sure that both countries benefit from the present exciting period of technological innovation. There has never been a more important time to strengthen our links with Israel, a beacon of democracy in the middle east with which we share strong values, and with which we can partner as the new technological revolution accelerates. It is vital, in particular, as we leave the European Union, that we take the opportunity to secure our prosperity by strengthening links with our most important trading partners.

As I have mentioned, last month I had the opportunity to visit Israel on a trade-focused trip with several other colleagues who have spoken in the debate, to see and maximise opportunities for developing our trading relationship. At SodaStream I saw Palestinians, Jews and Bedouins working together to manufacture products for export—something that will not only drive prosperity and increase trade but is also a good model for the peace process in the future. I also visited cyber-security firms that do vital work helping to safeguard both our countries. Israel is second only to the US in its number of cyber-security firms, and has a 20% share of the global market in that important sector—a truly astonishing figure, on which I hope the UK can capitalise.

I also visited the Gav-Yam Negev advanced technologies park in Be’er Sheva, which gave us an insight into the spill-over effects in the Israeli economy, utilising leverage between the military, universities, civil society and the corporate world. Such collaboration was key to the cyber-park’s success, and I hope we can replicate that in parks in this country as well. On our visit we also had a glimpse of some of the medical innovations that the hon. Member for Liverpool, Riverside (Dame Louise Ellman) mentioned. As precision medicine becomes an increasingly important part of the fourth industrial revolution, that is an area for expansion in both the UK and Israel. I hope that we can deepen our collaboration in that area.

This is an exciting time for our two countries, and as the UK leaves the European Union and the fourth industrial revolution accelerates, I hope that the Government will do all that they can to strengthen the trade relationship between the UK and Israel for the years ahead.