JERUSALEM (Reuters) – E-commerce giant Amazon on Wednesday launched a Hebrew-language website to recruit local Israeli companies to bring their products to sell Amazon.com the final step in the establishment of a local company in the country.
FILE PHOTO: The logo of Amazon is seen on the new Amazon warehouse, during the opening announcement, on the outskirts of Mexico City, Mexico-July 30, 2019. REUTERS/Carlos Jasso/File Photo
Sites such as Amazon, there will be more and more popular in Israel, where the cost of living is very high, but the local population will have to be ordered from the company’s international sites, for example, in the United States, the united Kingdom and Germany.
There has been widespread speculation in Israel’s media that Amazon is planning to open a local fulfillment center.
Amazon has started to reach the Israeli companies in May and an invitation to the local delivery program, which allows companies to use a Amazon.com the vendor’s account for order to customers in Israel and abroad with the local stock.
Amazon does not say how many Israeli retailers had signed up and refused to say when it’s full, start a business, and just said that it’s “coming soon”.
Shares in Israel and in the centres were as much as 1% in Tel Aviv on Wednesday, after the Amazon’s announcement.
The new website will contain interviews with directors of Israeli companies are already selling on Amazon, and to explain to you how the platform transformed their business and gave them access to new markets.
Amazon said it was working with the Israeli retailers to sell globally and locally.
“We hope that through this program, we will be able to provide our customers in Israel, with even more local products to choose from, and with a faster delivery speeds,” Amazon said in a statement via e-mail to Reuters.
Orders via an international website under $75 will be exempt from income tax, value-added tax in Israel, while it orders up to € 500, – are free from customs duty.
Reporting by Steven Scheer; Editing by Kirsten Donovan