Indiana, Israeli Organizations Form Trade PartnershipPosted: Updated:
The Indiana Health Industry Forum is hoping to boost international trade and export relationships through a Memorandum of Understanding with the Federation of Israeli Chambers of Commerce. IHIF Chief Executive Officer Kristin Jones says the Middle East nation's traditionally strong economy and research and development market make it an ideal partner. She says the partnership is part of an ongoing effort to be "engaged in the global economy." March 19, 2014
INDIANAPOLIS, Ind. - The Indiana Health Industry Forum (IHIF) has signed a Memorandum of Understanding with the Federation of Israeli Chambers of Commerce in an effort to expand trade and partnership opportunities between member companies of both organizations.
"This MOU is an important step towards expanding trade relationships for our members around the globe. Israel is a vibrant source of new life science technologies and a good and growing export market for U.S. medical products," said Kristin Jones, President and CEO of IHIF. "By facilitating two-way trading opportunities, IHIF can directly link our members with trading partners, agents/distributors, and companies interested in Indiana-made products and services."
Highlights of the MOU include:
-Both Parties shall encourage within their possibilities and competence mutually advantageous economic cooperation between The Federation of Israeli Chambers of Commerce and The Indiana Health Industry Forum.
-Both Parties shall do their utmost for the expansion of existing contacts as well as to the establishment of new relations between partners of both countries leading to the promotion and the encouragement of trade between The Federation of Israeli Chambers of Commerce and The Indiana Health Industry Forum.
-Both Parties shall exchange information on possibilities for market research, trade fairs and exhibitions, and trade missions organized in their countries and shall transmit this information to their members.
-Both Parties shall inform each other on all important questions related to the development of economic relations between their countries. For example: new regulations, intentions in economic planning in the two countries, etc.
-Both Parties shall support and cooperate in the organization and exchange of trade delegations in both countries with the aim to enable discussions on cooperation between companies and enterprises of their countries.
-Both Parties shall render each other all necessary assistance in organization of lectures and symposiums as well as other events aimed at the promotion of further development of economic relations between their countries.
IHIF will immediately begin working with members interested in exploring the Israeli market and will be posting trade leads from Israel on the IHIF website and in the IHIF newsletter. Partnering arrangements around delegation members to the BIO International Conference and Convention in June 2014 will also be explored. IHIF will also provide referrals for more in-depth assistance in the region through ATID EDI.
About the Federation of Israeli Chambers of Commerce (FICC)
The FICC was founded in 1919 as an independent and non-profit entity. It is the leading economic organization representing the trade and service sector, the largest sector in Israel. The FICC serves as roof organization to over 5000 businesses and organizations operating in more than 120 divisions which represent various economic branches including export, import, trade, real estate, financial and business services. For more information, please visit
More than 115 diverse members of the Indiana Health Industry Forum generate the collective voice of the state's health and life science industry. The Forum connects key stakeholders to enhance business networks, advocate for member interests, develop workforce skills, and provide strategic vision in the interest of growing the state's health industry economy and reputation. IHIF is the Indiana affiliate of the Biotechnology Industry Organization. To learn more, please visit www.ihif.org.