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Top 4 Reasons to Buy Your Small Business Supplies from Israel

Israel has proven to be a global leader in technology and innovation. And with world-class supplies and well-developed infrastructure, importing Israeli goods is as simple and effective as it gets.

 

However, land disputes between Israel and Palestine scare off some international businesses.

 

Fearing the unknown is perfectly reasonable, but it deprives your business of all that Israel has to offer.

 

Land disputes between Israel and Palestine scare off some international businesses

 

Here are four reasons why your business should buy supplies from Israel.

 
 

Great Prices

 

The strength of the US dollar means other countries tend to have cheaper supplies, and Israel is no different.

 

Did you know diamonds are the largest Israeli import into the US? In fact, one in every three diamonds purchased in the US in 2016 originated in Israel.

 

One in every three diamonds purchased in the US in 2016 originated in Israel.

 

Regardless of what your business deals in, you’re sure to find what you’re looking for in Israel.

 
 

Limited Competition

 
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If you’ve heard about Israel in the news recently, it was likely about their land dispute with Palestine.

 

Social and political circumstances in Europe, including the Holocaust, convinced many Jews that they should find a country of their own.

 

Thousands immigrated to British-controlled Palestine, which Palestinians saw as a European colonial movement.

 

In 1947, the UN tried to stop the fighting by splitting Palestine into two separate states: Israel and Palestine.

 

Israel accepted the deal, but Palestine didn’t. They joined forces with Egypt, Iraq, Jordan and Syria to declare war on Israel, and lost.

 

Your business can take advantage of this by getting the best rates on Israeli supplies from exporters that are hungry for business.

 

Initially, the UN gave 56% of the previous Palestinian state to Israel in 1947. After the war, Israel possessed 77% of the land.

 

This turmoil may scare off some international businesses.

 

Rather than learning how to avoid the conflict between Israel and Palestine, they choose a different country that they feel more familiar with.

 

Your business can take advantage of this by getting the best rates on Israeli supplies from exporters that are hungry for business.

 
 

Free Trade Agreement

 
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The US-Israel free trade agreement makes it even easier for your business to import from Israel. Goods from Israel are not only duty-free, but also have reduced tariffs.

 

Purchasing Israeli goods at a discounted cost increases your competitiveness in the domestic market, and allows you to supply your audience with a wider range of products.

 
 

Innovation Hub

 
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If you like flash drives and cherry tomatoes, you have Israel to thank. It doesn’t end there, either. Israelis are global leaders in a variety of different fields, including medtech, agritech, and commtech. In fact, most of the technology that your smartphone uses originated from Israel.

 

It should come as no surprise that in a country as small as Israel, more than 250 international businesses host their R&D centers. And two-thirds of these are American companies like Apple and Microsoft.

 

Israel’s cutting-edge technology produces high-quality supplies that are more durable and effective than the competition. This is good news for your business if you choose to import Israeli goods.

 

It should come as no surprise that in a country as small as Israel, more than 250 international businesses host their R&D centers. And two-thirds of these are American companies like Apple and Microsoft.

 

What also bodes well for your business is using Veem to pay your Israeli suppliers.

 

A connected payments platform, Veem provides simple and effective B2B payments without the wire fees you’d pay at traditional banks.

 

Plus, Veem’s multi-rail system optimizes your payment, so your Israeli supplier gets it as fast as possible.

 

That means cheaper B2B payments faster.

 

What’s not to love?

 

Sign up for Veem today and say hello to simple payments.

 

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