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Schwarzenegger to sign cooperation treaty with Israel |
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Written by --
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Wednesday, 18 November 2009 |
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JERUSALEM (Arutz-7) – Minister of Industry, Trade and Labour Binyamin Ben-Eliezer and California Governor Arnold Schwarzenegger will sign a document of understanding regarding industrial cooperation in the field of renewable energy. The signing will take place in the course of Schwarzenegger’s visit to Israel as part of the Saban Forum.
The agreement with California will advance strategic commerce cooperation between the state of Israel and California in the renewable energy and environmental technologies fields by creating partnerships between Israeli firms that specialize in these fields on the one hand and California industries and municipalities on the other.
Mutual investments between the countries will increase, as will research cooperation and other coordination in these fields.
The ministry of industry, trade and labour’s attaché on the US west coast, Sigal Admoni Ravid, said that the US clean-tech market – especially the renewable energy market – has tremendous commercial potential for Israeli companies.
“President [Barack] Obama’s stimulus package allots billions of dollars to projects in the water and energy fields,” she noted.
Trade with the United States between the months of January and September 2009 totalled about $17 billion; 12 billion of these were exports,and 5 billion were imports to Israel. This is a 12 per cent drop compared to the same period in 2008. |
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Last Updated ( Wednesday, 25 November 2009 )
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