NYC, Israel agree to create joint economic council

New York City Mayor Eric Adams announced on Monday that he and Nir Barkat, the Israeli economy and industry minister, have agreed to create the New York City-Israel Economic Council, which will “strengthen economic ties and promote innovation between the two governments.”

The new council will “deepen economic ties between our governments and serve as a gateway to the U.S. market for Israeli businesses—forging partnerships with New York City companies, advancing innovation in areas like environmental tech, life sciences and artificial intelligence and helping Israeli startups establish a home in the five boroughs,” Adams stated.

“Today’s announcement of a declaration of intent reflects a proud tradition of New York City mayors collaborating with Israel and will drive innovation, create jobs and strengthen the unbreakable bond between our two governments,” stated the mayor, who faces steep competition in his reelection campaign.