1.Signed on November 16, 2011;
Entered into Force on November 16, 2011.
The Taipei Economic and Cultural Office in Tel-Aviv (hereinafter
referred to as “ TECO ” )and The Israel Economic and Cultural
Office in Taipei (hereinafter referred to as “ ISECO ” ),
IN ORDER to encourage the cooperation relating to small and
medium sized businesses through, inter alia, sharing of
knowledge, information and joint cooperation activities,
Have Agreed on the following:
Scope of Cooperation
1. The Parties shall cooperate in accordance with the provisions
of this Memorandum of Understanding relating to small and
medium sized businesses and any other related field mutually
2. The Parties may perform mutually agreed joint activities
between them, including but not limited to:
2.1 Sharing information on small and medium sized businesses
programs and services that each Party provides, including,
but not limited to:
2.1.1 Capital Access (Loan Guarantees/Venture Capital and
2.1.2 Technical Assistance (Counselling, Training, Trade
2.1.3 Programs for Women Entrepreneurs/Business Owners;
2.1.5 Industrial design.
2.2 Exchanging information between the Parties on the following:
2.2.1 Policies and initiatives of the Parties concerning the
promotion and encouragement of small and medium sized
2.2.2 Financing and credit policies and programs concerning
small and medium sized businesses;
2.2.3 Innovation programs designed for small and medium sized
2.2.4 Training programs including those aimed at raising the
managerial skills of small and medium sized businesses
owners and potential entrepreneurs;
2.2.5 Training programs for trainers of small and medium sized
2.2.6 Investment opportunities in small and medium sized
businesses, and business opportunities for small and
medium sized businesses.
2.3 Organizing of meetings between small and medium sized
businesses from the Parties to jointly assess cooperation
2.4 Performing of any activity between the Parties relating to
small and medium sized businesses.
3. Any activities undertaken by either Party pursuant to this
Memorandum of Understanding are subject to the availability
of funds. This Memorandum of Understanding does not assume or
commit any funding for cooperative activities undertaken
pursuant to this Memorandum of Understanding.
It has been agreed upon the contact and implement points of
regular communication between the Parties will be as following:
On behalf of TECO:
a) The Representative;
b) The head of the Small and Medium Enterprise Administration,
Ministry of Economic Affairs, Taiwan.
On behalf of ISECO:
a) The Representative;
b) The head of the Small and Medium Business Agency of the
Ministry of Industry, Trade and Labor, Israel.
Entry into Force and Termination This Memorandum of
Understanding shall enter into force on the date of signature.
Either Party may terminate this Memorandum of Understanding upon
ninety (90) days prior written notice to the other Party.
IN WITNESS WHEREOF, the undersigned being duly authorized
thereto, have signed this Memorandum of Understanding.
Done in Tel Aviv, in duplicate in the English language on the
16th day of November 2010.
On behalf of On behalf of
The Taipei Economic The Israel Economic
and Cultural Office in and Cultural Office in
Mr. Liang-jen Chang Mrs. Simona Halperin