The UK tech industry can boost its global reach and encourage growth by striking new trade deals with Israel, according to leading figures in Israeli tech.
Since the UK’s exit from the EU, trading relations with Europe have become more complex. The government has been seeking new trade deals to plug the gap of losing free market access to its largest trading partner.
International trade secretary Anne-Marie Trevelyan announced in July that the UK was in talks with Israel to expand its trading relationship, with a particular focus on increased cooperation between the nations’ tech industries.
This is an important step in developing the global reach of UK tech, according to eToro’s Daniel Moczulski.
“By improving relations between the UK and Israel’s tech scene on a broad level, we can hopefully encourage more of these promising companies to choose the UK as the first rung of the ladder when it comes to international expansion,” Moczulski told UKTN....