Israel and Colombia signed an agreement on cooperation in industrial R&D this week. The signing comes following a series of agreements over the past few years between Israel and Latin American countries, including Brazil, Mexico, Argentina and Uruguay.
The agreement will enable companies from both countries to receive government funding for joint projects in industrial R&D and projects focused on adapting products to the Colombian market.
Avi Hasson, Chief Scientist at the Israeli Ministry of Economy & Industry, said: “This agreement will encourage the Israeli industry to focus on several technological fields with the Colombian industry. The potential for cooperation with Colombia is significant and through the agreement, Israeli companies can gain exposure to Colombian firms and to new potential avenues of cooperation.”