Canadian Prime Minister Stephen Harper Monday welcomed the inauguration of Israel's 33rd government.

"On behalf of the Government of Canada, I would like to congratulate Israel's Prime Minister Benjamin Netanyahu on the formation of a new governing coalition," said Stephen Harper in a statement on its official website.

Israeli Prime Minister Benjamin Netanyahu's introduction of the members of the new government was approved by majority of the lawmakers at the Knesset.

"We have a combination of a young and fresh team along with more experienced members and this collaboration can give great worth to the Israeli citizens," the Israeli prime minister told media.

Saying that the relationship between the two countries is based on shared values and common interests, the Canadian federal government assured its continued support and cooperation with the new Israeli government.

"Canada values its long-standing relationship with Israel - based on shared values, common interests and strong political, economic, cultural and social ties - and will continue to support Israel and its right to live in peace and security with its neighbors," said Stephen Harper.

"I look forward to working with the new government to continue to deepen the friendship between our two countries and enhance our bilateral cooperation, including on pressing global and regional security challenges," added Harper.

Inaugurating the new government, the Israeli prime minister said that the new government looks forward to securing the country's security interests and establishing peace and stability in the Middle East, especially with the Palestinians.

"We will work to drastically increase the equalizing of the burden in the Israeli society and dramatically reduce the high costs of living for the Israeli people," said Benjamin Netanyahu while announcing its national outlines for the upcoming years.

To contact the editor, e-mail: