US-Israel virtual trade mission aids execs fearing Middle East tensions

A live video conference linked business executives and government leaders in Washington DC and Tel Aviv

Globes correspondent
22 May 02 13:18

Over 50 security technology firms and trade organizations from Israel and the US today successfully concluded a three-week virtual trade mission with a live video conference linking business executives and government leaders in Washington, DC, and Tel Aviv. The event, organized by the Washington DC Technology Council and TradeBuilders Inc. was powered by Sonic Telecom and hosted by the Greater Washington Board of Trade's International Gateway. It brought together U.S. organizations such as the Anser Institute, Aurora Biometrics, EDS, Lockheed Martin, SwivelSecure America, and WILL Interactive, with Israeli firms such as Aliroo, Elbit Systems, Vigilis, and Vsoft.

The focus was on firms providing or seeking products and services in the areas of cyber and data security, facilities security, and security training. Most of the companies were seeking partners for bidding on large U.S. government or corporate contracts.

In addition to company executives, participants attending today's video conference included representatives from the Israeli Embassy in Washington, the Israel Export Institute, the Israel Ministry of Industry and Trade, the SIBAT arm of the Israel Ministry of Defense, the U.S.-Israel Business Exchange (USIBEX), the Maryland / Israel Development Center, and the Virginia-Israel Advisory Board.

The three-week virtual trade mission provided participating companies with access to online discussion areas for business networking, a participant directory complete with Website links, a library of valuable resources, and access to guest experts who addressed security, procurement, marketing, legal, and investment issues. McDermott, Will & Emery; Ropes & Gray; Sughrue, Mion, PLLC served as guest experts.

Charlotte A. Hayes, President of DC Tech, said that the Israel-US Virtual Trade Mission "enabled industry leaders in the two countries to meet and develop strong relationships with each other over a three-week period that ended on a highly-successful note with this morning's video conference with industry leaders in both countries. During the mission, U.S. and Israeli firms entered into negotiations that will lead to future business deals, and several made plans to meet with each other in person as soon as possible. Both sides agreed that the virtual trade mission enabled them to carry on business despite the difficult situation in the Middle East."

Published by Globes [online] - www.globes.co.il - on 22 May 2002

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