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PHOENIX (May 9, 2018) – The Arizona Chamber of Commerce & Industry and the U.S. Chamber of Commerce’s U.S.-Israel Business Initiative today signed a memorandum of understanding (MOU) pledging to work together to support ongoing initiatives and activities to strengthen the economic and commercial ties between Arizona and Israel.
“I am so pleased that the Arizona Chamber and the U.S. Chamber have entered into this agreement to memorialize Arizona’s business relationship and friendship with Israel, which sets the stage for additional collaboration on priorities we share,” Arizona Chamber of Commerce & Industry President and CEO Glenn Hamer said. “Israel is the startup nation, and Arizona is the startup state. We both welcome innovators and technology, and we’re committed to solving 21st century challenges faced by both regions. This pairing is a natural one.”
The Arizona Chamber and the U.S. Chamber will target four sectors for collaboration between Arizona and Israel: water, fintech, technology and startups, and defense and aerospace. Israel and Arizona are each leaders in these industries and can share with each other best practices to successfully attract new business investment and to establish the proper regulatory environment.
“The Arizona Chamber has been a strategic partner as the U.S. Chamber works to deepen the business relationship between the United States and Israel,” said Khush Choksy, senior vice president for Middle East & Turkey Affairs at the U.S. Chamber of Commerce. “We look forward to continuing our collaborative efforts to attract new business investment from Israel to the U.S., promote innovation, and strengthen the ties between our two nations.”
Under the MOU, the Arizona Chamber and the U.S. Chamber will work together to:
- Organize an Arizona-Israel water summit for later this year;
- Develop new joint R&D programs promoting research exchanges and information sharing between Arizona and Israel in water technology;
- Secure a memorandum of understanding between Arizona and the State of Israel focused on expanding trade and building new commercial partnerships; and
- Host conferences, delegations, and visits to Arizona and Israel that facilitate relationships between government, business, and universities.
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