Economy Minister Eli Cohen and his Austrian counterpart Dr. Margaret Sherembeck, signed a memorandum of understanding to promote a creative economy on Wednesday.
The Ministry of Economy said that this is the first agreement of its kind, which is the development of another path of innovation for the growth of the Israeli economy.
The agreement also establishes a framework for cooperation between the two countries and constitutes an initial infrastructure for setting up an international forum to leverage the creative economy and realize its potential.