Israel, Switzerland sign agreement to increase financial services cooperation

Israeli Finance Minister Moshe Kahlon signed a memorandum of understanding with a Swiss official on Monday in Tel Aviv. According to the agreement, the countries will increase their cooperation in the financial services sector.
Israeli and Swiss flags Photo Credit: EPA

On Monday, Israel and Switzerland signed a memorandum of understanding aimed at increasing their relations in the financial services sector. The document was signed in Tel Aviv by Israeli Finance Minister Moshe Kahlon and Ueli Maurer, the head of Swiss Confederation Federal Department of Finance.   

The agreement states that the two countries will work together on a number of financial and economic projects including the exchange of delegations made up of professionals from the relevant fields.

"The strengthening of the relations between Israel and Switzerland is an interest shared by both countries," Kahlon stated. "The Swiss economy is one of the strongest in the world and the large interest that they have for the Israeli economy and the high-tech and fintech [financial technology] industry attests to Israel's strength."



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