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| Press Release |
Agreement on the substance on the Investment Agreement between Japan and Israel |
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| 1. The representatives from the Governments of Japan and Israel have agreed, in principle, on the text of the agreement between the two countries for the liberalization, promotion and protection of investment, after four rounds of negotiation that started in May this year.
2. Recently, among Japanese business circles, there is an increasing interest in Israel. Israel is well known for her start-ups with advanced and innovative technology. Investment on such Israeli start-ups by leading companies in the world including Japan is under way. 3. The Investment Agreement, which aims to improve legal stability for investment, is expected to accelerate investments and related personnel exchanges between Japan and Israel, and to promote further development of bilateral economic relations. 4. Toward the signature and ratification of this Agreement, both Governments will continue their efforts, including ones to draft the Agreement's reservation lists. In the lists, both countries will define the measures and areas where some duties will be reserved. Reference 1. Japanese and Israeli Prime Ministers had agreed upon commencing the negotiations for the bilateral investment agreement in January 2015. 2. The preliminary negotiation was held in Israel in March 2015. The 1st round of negotiation was held in Tokyo in May, 2015, the 2nd in Jerusalem in August, and the 3rd in Tokyo in October. The 4th round negotiation has been held in Jerusalem from December. |
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