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METI and the Ministry of Economy of the State of Israel Signed an MOC concerning the field of Industrial R&D

On July 6, 2014, the Ministry of Economy, Trade and Industry (METI) and the Ministry of Economy of Israel signed a “Memorandum of Cooperation (MOC) between the Ministry of Economy, Trade and Industry of Japan and the Ministry of Economy of the State of Israel.”

METI Minister Toshimitsu Motegi visited Israel on the same day and signed the MOC with Mr. Naftali Bennett, Minister of Economy, the State of Israel.

1. Background

In May 2014, Prime Minister Benjamin Netanyahu of Israel visited Japan. During his visit, he and Minister Motegi agreed that Japan and Israel would endeavor to study cooperative efforts in the field of industrial R&D. In response, METI and the Ministry of Economy advanced discussion concerning such cooperation, including holding a director-general level dialogue in Israel in June 2014, successfully leading to the signing of the MOC between METI and the Ministry of Economy of the State of Israel on June 6.

2. Outline of the MOC between METI and the Ministry of Economy of the State of Israel

  1. Both countries stipulated that they will [i] promote identifying specific projects and [ii] establish a framework for financial assistance, both of which aim to encourage joint studies between Japanese and Israeli companies.
  2. Based on the MOC, the New Energy and Industrial Technology Development Organization (NEDO) and the Israel Industry Center for R&D (MATIMOP) concluded a Memorandum of Understanding (MOU), and they determined specific approaches concerning how to implement support measures, including joint R&D between Japanese and Israeli companies, calling for new projects, examination of applicants for such projects, and providing subsides.

Release Date

July 7, 2014

Division in Charge

International Affairs Office, Industrial Science and Technology Policy and Environment Bureau

Related Information

Regional Affairs / Israel

Ministry of Economy, Trade and Industry
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