Industry captain hopes for economic revival after years of war losses

Israel Manufacturers’ Association President Ron Tomer welcomes the agreement for the release of all hostages held by Palestinian terror groups in the Gaza Strip and calls on the government to take action to stabilize the economy and help drive growth in local industry after several years of war-related pains.

“We are happy and excited for the return home of all hostages,” says Tomer. “We are now faced with stabilizing the economy for the day after, following enormous difficulties over the past two years.”

Tomer says the economy and local industry displayed “exceptional resilience” during the years of war since the October 7, 2023 attack.

“In the recent period, Israeli industry has also had to deal with a worrisome wave of international boycotts that are unprecedented in scope, as well as the decline in the dollar exchange rate, which poses another challenge to Israeli exports,” says Tomer. “We will work together with the Economy and Industry Ministry and Foreign Affairs Ministry to renew economic ties abroad, lift the boycotts on the Israeli economy, stabilize the exchange rate, and support local production and exports, to push the Israeli industry and economic growth forward.”