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Israel and China sign $400 million trade agreement

( Israeli and Chinese officials
signed a $400 million trade agreement during meetings on Wednesday, expanding
trade between the two nations to $2.05 billion.

Israeli Prime Minister Benjamin Netanyahu, pictured, signed a new $400 million trade agreement with China on Wednesday.

The agreement
was signed by Israeli and Chinese finance ministers during a meeting attended
Israeli Prime Minister Benjamin Netanyahu and Chinese Prime Minister Li

“This is a
very important agreement for expanding bilateral cooperation. China is a vast
market and if we even slightly increase our market share here it will
significantly help the Israeli economy,” Netanyahu said, according to the Prime
Minister’s Office.

Netanyahu also
held a live video-chat with millions of Chinese Web surfers on Xinhuanet,
China’s official news agency. Most of the questions revolved around
Israel-China relations. Netanyahu told the online participants that he was
“impressed by the development, progress and tremendous growth” of China since
his last visit to the country, in 1998.

Israel and
China first established relations in 1992. Since then trade between the two
countries has rapidly expanded, with China becoming a major purchaser of
Israeli high-tech, military and agricultural goods and services.

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Posted by on May 9, 2013. Filed under Israeli News,Slider. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.