The company is also interested in joint ventures for the Palestinian market.
The Japanese trade company Itochu has decided to begin investing in Israel, including establishing joint ventures with Israeli companies. The company’s management announced their decision at a meeting held recently with the leadership of the Manufacturers’ Association, in which a joint project was agreed upon to promote the Japanese investments.
Itochu is one of the largest trading companies in Japan. The company's turnover amounts to $17 billion and it employs 7000 persons. The company initiated quiet activities in Israel about two years ago in the area of hi-tech, collaboration with gasoline companies and as a partner in the sale of Mazda automobiles.
Manufacturers' Association Commissioner of Foreign Trade Moshe Nahum notes that the company’s management decided on an additional strategic measure in increasing its activity in Israel, in the areas of joint ventures and investments, through the exploitation of Israel’s global trade agreements. According to him, the company is also interested in joint ventures for the Palestinian market.