The Israel-Portugal Chamber of Commerce was founded in April 2000 as a nonprofit association.

The goal of the Chamber of Commerce is to strengthen even further the bilateral and business relations between the two countries.

The Chamber of Commerce assists leading Israeli businessmen in opening doors to the Portuguese market, by providing information and guidance, organizing delegations and preparing seminars and conferences. At the same time, we encourage and cooperate with Portuguese trade, industry and tourism sectors to enter the Israeli market, using the potential of products in which they excel, such as textiles, timber, ceramics, marble, wine and food.

The Chamber of Commerce is in constant touch with the Economic Affairs Dept. of the Ministry of Foreign Affairs, the Israeli Ministry of Industry & Trade and the Israel Export Institute.

In 2002, Mr. Michael Itzhar Belachovsky, President of the Chamber of Commerce Israel-Portugal, was awarded by the President of the Portuguese Republic the title of "Officer of the Order of Commercial Merit" for his outstanding contribution to the development of economic and cultural ties between the two countries.

Farewell Luncheon for Hon. Maria Regina Flor e Almeida, Chargé d'Affaires, Embassy of Portugal in Israel, hosted by the Chamber of Commerce Israel-Portugal, 5.4.2012
(L-R): David Katz, Vice President, Chamber of Commerce; Irit Lillian, Director Europe 2, Israeli Ministry of Foreign Affairs; Hon. Maria Regina Flor e Almeida; Yarona Marnin, Vice President, Chamber of Commerce ; Michael Itzhar Belachovsky, President, Chamber of Commerce