Prime Minister Benjamin Netanyahu met Monday with the president and CEO of eBay, Devin Wenig, to discuss increasing the shopping website’s operations in Israel.
In a statement, the Prime Minister’s Office said that Netanyahu and Wenig discussed the possibilities of expanding eBay’s R&D center in Israel, and increasing investment in the country.
Netanyahu emphasized to Wenig the focus on innovation in Israeli culture and the “inherent opportunities in the Israeli market.”
Netanyahu told the head of the global online retailer that his government is working to facilitate foreign business operations in Israel by reducing corporate taxes, and easing regulations.
In an interview with Channel 2 Wenig predicted that retails outlets will soon become a thing of the past and that consumers will buy everything they want online.
Formerly known for its auctions, eBay has moved to a retail sales model. On the website, users search for a product and are presented a list of sellers, their prices, and their rating reputation — indicating how other customers felt about their products and the service they received.