Trading with China and India in materials and manufactures which could be made in Europe or America is pointless and wrong. Eastern Europe should be a centre of manufacture distributed by canal through Germany and by container ships through the Baltic and Rhine ports. America can manufacture for itself after Henry Ford principles.
The Israeli business community have gone very quiet in England in 2009. They are cash rich, i.e. have the cash. They are sensibly adjusting and retail rents are being reduced to save inner city and out-of-town shopping. Some big shops do not have to pay rent for three years.