Chamber Instrumental in Passage of Global Entry as well.
The Israel government has approved Sunday, March 30, 2014, the implementation of E2 visa, allowing Israeli investors and their immediate families to stay in the U.S. for a long period of time – and vice versa.
The move came as a direct result of efforts spearheaded by the Chamber Visa Committee, chaired by Advocate Tsvika Kan-Tor of Kan-Tor & Acco law firm. "E2 will lead to significant economic development between Israel and the U.S., especially in enabling businesspeople from both countries to invest in the other, develop and create more jobs, he said."
Ofra Strauss, Chairperson of the Strauss Group and the Chamber, congratulated the government for its approval. Ronit Benbasat Rom, CEO of the Chamber, predicted that this move would contribute to an increase in bi-lateral trade, beyond the current $40B per year. "The Chamber will continue with its efforts to remove regulatory and tax-related trade barriers with the goal of advancing trade relations between the two countries. This would strengthen Israel's position as a global center of investments, R&D and innovation, which, in turn, would add jobs.
"We anticipate further fruitful cooperation with the Israeli government and continued advancement of bi-lateral trade," she added.
Gideon Saar, Minister of the Interior, has recently approved the beginning of a pilot program that would expedite entry to the United States for Israelis. As a result, Israel joined the Global Entry Program, which will contribute to business cooperation between the two countries.
The pilot implementation process was accompanied by extensive efforts of the Chamber, which took an active part in committee meetings and with the relevant ministers, to truly represent the needs of companies and to clarify why this project is significant in easier facilitation of business activities between both countries.
To read E-2 related articles, click here.
Click on the following links for relevant articles:
Article in Yediot Ahronot, in English
Article in Yediot Ahronot, in Hebrew
Article in The Marker, in Hebrew
Article in Israel Hayom, in Hebrew