California-Israel Cooperation Agreements

(May 27, 1998)


MEMORANDUM OF INTENT

WHEREAS the State of California and the State of Israel each have important responsibility for encouraging the growth of trade and investment relations within the framework of a free enterprise economy;

WHEREAS the prospect for expanded economic cooperation between the two states is excellent and will lead to mutually beneficial results;

THEREFORE, it is AGREED between the Trade and Commerce Agency of the State of California and the Ministry of Industry and Trade of the state of Israel;

I . To seek enhanced trade relationships and facilitate cooperation between companies.

2. To encourage bilateral investment.

3. To support industrial research and development between companies, particularly in high technology.

4. To promote the exchange of ideas between various businesses, trade associations, business agencies and commercial institutions as well as visits of company representatives, engineers, Scientists and other specialists.

5. To notify of trade fairs and exhibitions, investment seminars and other business related conferences.

This memorandum of Intent shall enter into effect upon signature and shall remain in force for a period of three years or until such date as otherwise agreed upon.

Signed in Santa Clara this 27th day of May 1998.

For the California
Trade and Commerce Agency
For the Ministry of Industry and Trade
of the State of Israel

MEMORANDUM OF UNDERSTANDING

WHEREAS the State of California and the State of Israel each have important responsibilities for encouraging the growth of trade and investment relations within the framework of a free enterprise economy;

WHEREAS the prospect for expanded economic cooperation between the two states is excellent and will lead to mutually beneficial results;

THEREFORE, it is AGREED between the Trade and Commerce Agency of the State of California and the Ministry of Industry and Trade of the State of Israel;

1. To seek enhanced trade relationships and facilitate cooperation between companies.

2. To encourage bilateral investment.

3. To support industrial research and development between companies, particularly in high technology.

4. To promote the exchange of ideas between various businesses, trade associations business agencies and commercial institutions as well as visits of company representatives, engineers, scientists and other specialists.

5. To notify of trade fairs and exhibitions, investment seminars and other business-related conferences.

This Memorandum of Understanding shall enter into effect upon signature and shall remain in force for a period of three years or until such date as otherwise agreed upon.

Signed in Santa Clara, California, this 27th day of May 1998.

 

For the California
Trade and Commerce Agency
For the Ministry of Industry and Trade
of the State of Israel