Cooperation between Israel and the European Union is set to expand into space, after Industry Minister Shalom Simhon and European Commission Vice President Antonio Tajani signed an agreement Monday in Tel Aviv.
The agreement will allow the EU’s Galileo global-navigation satellite system to establish a satellite receiving station in Israel.
In addition, Simhon and Tajani signed a deal on deepening cooperation in the field of tourism. They also discussed deepening ties between small-business experts from Israel and Europe and expanding the participation of Israeli companies in European-funded R&D programs.
European leaders could learn from the example set by Israel as they work to rescue the region from financial crisis, Tajani said Monday at a conference on Israeli-European business relations in Tel Aviv. “Israel is a good example of how a country with a business- friendly environment is better resistant to the crisis,” he said at the annual Go4Europe conference. He cited Israel’s 4.7 percent growth rate in 2010 as proof that it had emerged strongly from global financial worries.
Mr Tajani also met with President Shimon Peres and Prime Minister Binyamin Netanyahu. With Mr Stanley Fisher, governor of the Bank of Israel, he discussed the Euro zone and sovereign debt crisis. Furthermore, he participated in the EU-Israel Business Dialogue, a forum of business leaders from Israel and the EU set up to promote bilateral trade, investment and joint ventures and to advocate the common business interests vis-à-vis the political leaders on both sides. Other meetings of Vice President Tajani included Mr Agassi, the CEO of a production site in Israel of electrical cars.
Images of the visit can be viewed on the website of Vice President Antonio Tajani