Canadian Premier announces details on Israel trip

Ontario Premier Kathleen Wynne unveiled details on Wednesday regarding her upcoming business mission to Israel in May, that will focus on establishing Ontario “as a top innovation and knowledge economy partner and investment destination for businesses.”

Wynne plans to visit Tel Aviv, Jerusalem, Ramallah and Bethlehem during her five-day mission. She will meet with business leaders, innovators and government officials to strengthen ties and encourage new investments and partnerships in Ontario.

“Israel is a priority market for Ontario for trade and research,” Wynne said. “In 2015, two-way trade between Ontario and Israel was valued at over $900 million, making Israel one of Ontario’s largest trading partners in the Middle East.”

“Ontario and Israel share many common priorities – both regions are hubs for R&D, for ICT (information and communication technology – ed.) and venture capital, and both are interested in developing strong, competitive business environments that spur innovation and growth.”

Ontario and Israel have had a Memorandum of Understanding (MOU) in place for over a decade to promote industrial research and development collaborations. The MOU has helped connect more than 680 Ontario and Israeli researchers, generate 15 industry-led R&D projects and leverage more than $16 million in outside funding.

“I think that innovation spark is very important,” said Wynne, adding that the mission will be a “great opportunity for Ontario to build on its existing relationship with Israel, which is a strong one, and to find new ways for the two regions to work together across a range of research and innovation sectors.”

Source: http://www.israelnationalnews.com/News/News.aspx/210513

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