The United Kingdom and Israel are set to strengthen their bilateral relationship through a new agreement focused on technology, trade, and security. The seven-year agreement will be signed
by Foreign Minister James Cleverly and his Israeli counterpart, Eli Cohen, during Cohen's visit to London.
According to Cleverly, the agreement, known as the "roadmap," will enable both countries to maximize opportunities in areas of mutual interest. These areas include technology, trade, and security. He added that the roadmap will further deepen the existing ties between the UK and Israel.
The discussions between the two countries will also cover issues related to the recent surge in violence in Israel and the occupied Palestinian territories, Russia's invasion of Ukraine, and the threat posed by Iran.
The agreement includes joint funding commitments of around 20 million pounds (approximately $24.5 million) for technology and innovation. This funding is expected to support the development of new technologies and innovations in areas such as artificial intelligence, cybersecurity, and life sciences.
The UK and Israel have been working towards a new trade agreement, which they launched negotiations for last year. Both governments consider the agreement to be a key priority. The new deal is expected to enhance trade between the two countries and support economic growth.
The UK has a strong track record of collaboration with Israel on technology and innovation. In 2017, the UK and Israel launched a joint innovation program aimed at supporting research and development in the technology sector. The program was supported by a joint investment of 4.5 million pounds (approximately $5.8 million).
The UK and Israel are both recognized as leading hubs for innovation and technology. Israel is known for its vibrant start-up scene, which has produced several successful companies in recent years. The UK, on the other hand, has a strong track record in research and development and is home to several world-class universities and research institutions.
The new agreement between the UK and Israel is expected to further strengthen the ties between the two countries and support their shared interests in technology, trade, and security. The joint funding commitments for technology and innovation are expected to lead to new developments in key areas of the economy, which will benefit both countries.
In conclusion, the agreement between the UK and Israel is a positive development for both countries. It is expected to support economic growth, enhance trade, and deepen the existing ties between the two countries. The joint funding commitments for technology and innovation are particularly significant and will support the development of new technologies and innovations in key areas of the economy. Photo by Tiia Monto, Wikimedia commons.