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Israel, Japan agree to advertise financial, innovation cooperation

JERUSALEM, Sept. 4 (Xinhua) — Israel and Japan on Monday signed a doc of understanding to advertise financial and innovation cooperation, the Israeli Ministry of Economy and Industry mentioned in a press release.

The doc was signed in Tel Aviv by Israeli Economy Minister Nir Barkat, and Japanese Economy, Trade and Industry Minister Yasutoshi Nishimura, who’s visiting Israel along with a enterprise delegation of 80 Japanese firms.

Cooperation agreements between Japanese and Israeli firms have been additionally signed within the presence of the ministers.

Barkat introduced an official go to to Japan subsequent month, throughout which he’ll lead an Israeli enterprise delegation and meet Japanese authorities officers and enterprise representatives.

In 2022, the commerce quantity between Israel and Japan amounted to three.39 billion U.S. {dollars}, of which 2.075 billion are Israeli imports from Japan, and the remaining are Israeli exports to Japan, in accordance with the assertion.

The predominant Israeli exports to Japan are equipment, electrical gear, optical and medical gadgets, chemical merchandise and meals merchandise, whereas Japan primarily exports equipment, electrical gear, and autos to Israel.