Taiwan - Israel Chamber of Commerce established in Taipei

The newly established TICC will focus to further advance the relationship and trade cooperation between Taiwan and Israel
 
The Taiwan Israel Chamber of Commerce (TICC) was established in Taipei last Sunday with a focus on promoting trade, culture, education and tourism between the two countries.
 
The newly established TICC will focus to further advance the relationship and  trade cooperation between Taiwan and Israel.
 
Raphael Gamzou, the head of the Israel Economic and Cultural Office in Taipei, said in a written statement that "This is the best time to set up the TICC due to rapid growth of bilateral trade between Taiwan and Israel". Gamzou added that he has long anticipated that local businessmen would form an organization to promote bilateral trade.
 
Trade between Taiwan and Israel grew in 2009, even though the world economy declined. In the first quarter of 2010, Israel's total exports to Taiwan grew by 145%, while exports from Taiwan to Israel grew by 16%.