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ABOUT2020-06-30T12:28:44+00:00

About

The Foreign Trade Administration (FTA) at the Israeli Ministry of Economy and Industry manages and supports Israel’s international trade and trade policy.

Through its headquarters in Jerusalem together with over 40 economic and trade missions in key financial centers throughout the world, the FTA works tirelessly to promote Israel’s economy on a global scale.

The FTA operates a network of economic and commercial attachés around the world, who constitute the operational-diplomatic arm of the Ministry in overseas markets and provide a wide range of services to Israeli companies and the international business community.

The main areas of activity of the Foreign Trade Administration include promoting trade and exports, initiating and maintaining trade agreements with the aim of improving Israel’s trade conditions, encouraging and attracting foreign investments, and creating strategic cooperation with foreign companies.

Published success stories / cooperation over the past years:

Smitivej Hospital – Tytocare (2019)

Samitivej Virtual Hospital provides online doctor consultation services with international standards with an innovative medical exam device, TytoCare. The device enables you to send information to healthcare providers for online consultation and advice 24 hours a day.
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Thai Union Group – Flying Spark (2019)

Thai Union has announced an investment into Flying Spark, an alternative protein start-up. Flying Spark uses fruit fly larvae that in nature feed on fresh fruits. Flying Spark’s technology enables easy and low-cost cultivation and processing, with nearly zero waste, as all parts of the larvae are used. This gives Flying Spark an edge over conventional protein sources — not only those from meat and plants but also over other insects, such as crickets and grasshoppers.
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CPF – True Digital – SCR Diary (2019)

Allflex Livestock Intelligence and True Digital Group announced they have signed a Memorandum of Understanding (MOU) to explore the exclusive distribution of dairy and beef cattle monitoring technology for the growing livestock market in Thailand and Southeast Asia – striving to bring digital transformation to the agricultural sector across Thailand and Southeast Asia.
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Metropolitan Waterworks Authority – Utilis (2019)

Thailand’s Metropolitan Waterworks Authority has adopted Utilis’ technology – satellite-based infrastructure intelligence – to detect water leakage, solving a large loss of non-revenue water in Bangkok. In perspective, the savings are enough to supply water to 100,000 people.

Indorama – Avgol Industries (2018)

Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced the completion of its acquisition of Avgol Industries, a leading global manufacturer of nonwoven hygiene fabrics. The acquisition offers extensive value creation and synergy within Indorama Ventures, including growth opportunities in adjacent segments through the strong innovation pipeline.
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Siam Commercial Bank – Pagaya (2018)

Siam Commercial Bank (one of the largest banks in Thailand, through Digital Ventures) invested in Pagaya, a global financial technology company using AI to reshape the asset management and institutional investment markets – today announced a $14 million Series B funding round.
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Bangkok Bank – Our Crowd (2018)

OurCrowd, a global leader in equity crowdfunding, today announced its further expansion in Asia, with an innovative partnership with Bangkok Bank Public Company Limited (“BBL”), one of Thailand and Southeast Asia’s premier commercial banks.
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Interesting Facts about Israel