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 |
Sources: Israeli
Foreign Ministry |