Israel - Market ChallengesIsrael - Market Challenges
Israel is a small market and mature in many sectors. Consequently, U.S. companies will face significant local and international competition. Additionally, Israel’s strong commercial ties with Europe have led Israel to adopt European Union (EU) technical standards. This has created obstacles both for U.S. companies that have been doing business in Israel for many years and for new-to-market companies wishing to enter the market.
Agricultural trade regulations, intellectual property rights (IPR) protection weaknesses, certain technical standards and regulatory uncertainties in the natural gas sector are all considered non-tariff barriers. U.S. Export Control regulations for re-exports are perceived as a challenge by Israeli manufacturers.
The security environment is tense because of the geopolitical situation in the region.
The business environment and style will seem familiar to Americans, though dress may seem more informal and personal relationships play a greater role.