The Industrial Cooperation Authority

The Industrial Cooperation Authority, at the Ministry of Economy and Industry, is responsible for initiating, tracking, monitoring, and coordinating industrial cooperation with foreign companies as part of their commitment to offset procurement in Israel.

The Industrial Cooperation Authority oversees winning government or public tenders and implements an offset of at least 35% of the value of the transaction in Israel (20% for GPA member countries). The Authority handles industrial cooperation agreements with more than 200 foreign companies and corporations. Included in these companies are world leaders in many areas such as defense, aviation, energy, ecology, electricity and electronics, computers, medical equipment, and vehicles and transportation.

The Authority initiates connections and coordinates opportunities between Israeli companies and foreign companies. It also receives technical requirements and proposals for cooperation from foreign companies, and helps them find opportunities and connections with Israeli companies. Additionally, The Authority ensures that offset obligations are fulfilled.