Israel and Mexico have signed a deal to cooperate on industrial research and development, Israel’s Ministry of Economy announced Monday.
The two nations are set to fund joint projects aimed at advancing industrial development between both.
Leading fields for cooperation with Mexico will focus primarily on water management, desert agriculture, pharmacology and medical devices, electronics and communication.
“Mexico is one of the world’s largest manufacturers in a variety of fields, comprising an essential part of the country’s economy,” said Rona Kotler Ben Aroya, trade attache to Mexico from the Israeli Ministry of Economy.
“The signing of the industrial R&D agreement between Israel and Mexico will help Israeli companies integrate products and advanced technologies with local manufacturers and realize the potential of [the North American] market.”