The Ministers of Foreign Affairs of Italy and Israel announced the establishment of the foundation for  with the purpose of promoting the common values and ideas found within both cultures. 

 Creation of Italy-Israel Foundation for Culture and the Arts

 

FM Liberman and Italian FM Frattini at joint news conference in Jerusalem (Photo: Reuters)

Following the meeting today between Foreign Minister Avigdor Lieberman and Foreign Minister Franco Frattini, the following communique was released:

Given the genuine partnership which has grown and strengthened over the years between Italy and Israel and the increased friendship existing between the two peoples, the two  Institutions and the two civil societies;
 
And in light of the dedication of both countries to human progress and development, of the richness of their common cultural traditions, and of a shared historic legacy which has made Italy and Israel partners in their vision for the future;
 
The Ministers of Foreign Affairs of Italy and Israel announce the establishment of an "Italy-Israel Foundation for Culture and the Arts" with the purpose of promoting the common values and ideas found within both our cultures. 
 
This step will create a new and flexible instrument, able to combine all active forces – both public and private – toward boosting those synergies that already exist, as well as seeking out new ones. 
 
The Foundation’s goal is to carry out selected projects in the field of Culture and the Arts which meet the requirements of excellence, innovation and a durable impact on society, and which will result in a clear benefit to our common cultural heritage.
 
It is finally intended by both parts that the launch of the "Italy-Israel Foundation for Culture and the Arts" will take place on the occasion of the second summit between the two governments to be held in Rome in the year 2011.