The EU-Israel Action Plan, agreed in 2005, is based on shared values of democracy, respect for human rights, the rule of law and fundamental freedoms. It promotes the integration of Israel into European policies and programmes. The validity of the plan has been further extended to January 2025.
Israel receives funds from the Neighbourhood, Development and International Cooperation Instrument – Global Europe (NDICI-GE) for the period 2021 to 2027, which are mainly used for Technical Assistance and Information Exchange instrument (TAIEX), support to civil society organisations and the European Peacebuilding Initiative. From 2021 to 2024, Israel benefitted from an allocation of€32 million.
The EU-Israel Horizon Europe Association Agreement signed on 6 December 2021 allows continued cooperation in research and innovation for the period 2021-2027.