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Israel and Japan sign R&D cooperation agreement

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Staff writer | Thursday July 10, 2014 4:10AM ET
Israel JapanIsrael signed a research and development (R&D) cooperation agreement with Japan for the first time.

The agreement will allocate funding to projects jointly initiated by Japanese and Israeli companies and research centers.

"We continue our efforts to strengthen economic ties with the countries of East Asia, one manifestation of which is the agreement for parallel support of industrial R&D carried out jointly between Japan and Israel," said Israeli Economy Minister Naftali Bennett, the Jerusalem Post reported.

According to Israel’s Foreign Trade Administration, in 2013 Israeli exports to Japan totaled $762 million, while imports to Israel from Japan totaled $1.4 billion.

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