JERUSALEM POST
by By GLOBES, Niv Elis
July 6, 2014
Agreement comes as Japan’s Economy Minister leads a business delegation to Israel.
Japan and Israel signed a research and development cooperation agreement on Sunday, the first-such agreement Japan has signed.
The agreement comes as Japan’s Economy Minister Toshimitsu Motegi leads a business delegation to Israel. It will provide funds for R&D projects taken on together by Israeli and Japanese 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 Economy Minister Naftali Bennett before signing the agreement. “This agreement represents a breakthrough achievement and a dramatic change in Japanese policy on economic relations with Israel.”
The agreement, he added, will help open Japanese markets to Israeli companies.