The Arizona Chamber of Commerce and Industry and the U.S. Chamber of Commerce’s U.S.-Israel Business Initiative signed a memorandum of understanding on May 9 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 and 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, financial technology, technology and startups, and defense and aerospace.
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 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.