Netanyahu: Israel is a 'Major Economic Power'

Israel's economic growth is a top priority for the Prime Minister, he said Monday.

Arutz Sheva Staff,

Binyamin Netanyahu
Binyamin Netanyahu
Hadas Parush/Flash 90

Israel is expanding to become a global power, Prime Minister Binyamin Netanyahu stated Monday. 

First, he addressed economic expansion on the international front.

"Two days ago I spoke to my friend Indian Prime Minister Modi," he said. "We discussed cooperation between India and Israel."

"We are at a very major turning point in which we are expanding and varying Israel's markets, first of all with the giant economies of Asia – India, Japan and China, but not just there," he continued. "To this end, Italian Prime Minister Matteo Renzi and I discussed cooperation with third countries and, naturally, we are interested in markets throughout Latin America."

He then noted Israel's achievements as they stand currently.  

"Israel is a major economic power," he said. "I am not exaggerating but in certain things – such as cyber defense – we are a global power."

"All of these countries, without exception, are interested in enhancing cooperation with us in this field and in many others – due to the technology, the initiatives and the creativity," he continued. "These things are creating growth and jobs and are raising our standard of living and I estimate that in the coming years our standard of living will be equal to that of Britain. The distance in GDP per capita is relatively small and we will close this gap." 

"This is a very great achievement for the State of Israel and has been mainly achieved by our citizens, our entrepreneurs," he added. "This creative force of ours is the strength of the Israeli economy and it is the strength of world economies. The room that we give to the private sector to lead the others – this is the engine; let us not be mistaken about this even for a moment."

"It is not the government investments or the government money that we are spending out but rather it is what we are doing to encourage the firms, the initiatives and the companies to move forward," he concluded. "This is what pulls the wagon and gives money to social welfare, education and health."

To that end, he said, Israel is also looking to expand the private sector on the domestic front. 

"Therefore, we are interested in encouraging our economy and our private sector as much as possible," he said. "I say this on the day when Teva has made a major deal."

"We are proud of our companies – large, medium and small," he added. "We want the talents of these entrepreneurs. We want their leadership. The entire world is competing with them and we want to maintain them." 

"We need to drop all the populist talk that goes on here in the Knesset. I reject it outright. We are on the side of growth, initiative, responsibility and prudent government investments. We are committed to these things."