Eliahu Izakson was elected as deputy chairman of the Israel-British Chamber of Commerce (IBCC) in the early fifties. He was so attached to the IBCC that in 1970 he resigned his position as Chairman of the Federation of Bi-National Chambers of Commerce in order to be elected as Chairman of the IBCC.
He served as chairman of the IBCC for seven years and in recognition of his work there, he was decorated on behalf of Queen Elizabeth II, with a CBE. This is one of the highest honors granted by Britain to foreigners and Eliahu Izakson was one of the few Israelis for whom this award was conferred.
Eliahu Izakson remained for the rest of his life Honorary President of the IBCC which was always very close to his heart.