HomeNewsBusinessCultureHealthVideoNewsletter

Israel and China Sign $400 Million Trade Agreement

PM Netanyahu in China for Five Day Trip

By: David Shear
Published: May 8th, 2013 in News » World
Israeli PM Benjamin Netanyahu with Chinese PM Li Keqiang
A day after India made a major investment in an Israeli technology fund, today comes word that Israel and China signed a $400 million trade agreement on May 8th, bringing the financial relationship between the two countries to more than $2 billion.

The deal - signed by Finance Ministry Accountant-General Michal Abadi-Boiangiu and officials from China’s Finance Ministry – was agreed upon shortly after Israeli Prime Minister Benjamin Netanyahu arrived on a five-day trip to China that saw him greeted with full military honours including a 19-gun salute outside the Great Hall of the People in the capital, and called for closer trade ties between the two nations.

"Our two peoples are two ancient peoples with a glorious past, a difficult in-between period, and then soaring into the future," Netanyahu told Chinese Prime Minister Li Keqiang. "I think Israel can be the perfect junior partner for China in its pursuit of economic excellence and competitive advantage by offering our technological capabilities.”

“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.

Netanyahu said that Israeli-Chinese trade amounted to some $8 billion each year, and the two countries were constantly working to increase that amount. ”The potential for bilateral trade is vast,” he said.

Since the signing of the initial financial protocols, Israel has exported a total of some $771 million worth of goods and services to China, according to the Prime Minister’s office.

Earlier, the prime minister met with his Chinese counterpart at a formal ceremony, complete with honor guard, in Beijing. During the meeting, the two leaders agreed to establish a joint team which will work on expanding technological cooperation between the two countries.

In the afternoon, Netanyahu participated in a live video chat with millions of Chinese Internet users, hosted by the popular government-sponsored Xinhua News Agency.

Most of the questions revolved around Israel-Chinese relations. Netanyahu, who visited China 15 years ago during his first term as prime minister in 1998, said that he was impressed by the “development, progress and tremendous growth” he saw in China.

Related articles: Israel, China, Trade Agreement, Benjamin Netanyahu, Bibi, Li Keqiang
0 times
Amar'e Stoudemire To Buy Israeli Basketball Team

New York Knicks star with Jewish background is looking to acquire Hapoel Jerusalem

U.S. Same Sex Ruling Will Provide Benefits for Israeils, Too

The American Supreme Court finally recognizes same-sex marriage, some Israelis considering emigration

Maccabi Haifa PG Gal Mekel May Be In Full NBA

The Toronto Raptors, Milwaukee Bucks and Dallas Mavericks have all expressed interest in the Israeli bball star

New Ruling Grants Women Right To Say Kaddish

Orthodox rabbis of Beit Hllel say they've found halachic sources that allow women to recite certain prayers

Carmela Shamir, First Female Israeli to Serve as Ambassador In

Shamir to serve as Israeli ambassador to Uzbekistan

What You Missed In The News This Week

Our Top Stories this week include Bar Refaeli, Adam Lambert plus exclusives with Rick Moranis & The Neighbourhood,

Amar'e Stoudemire To Buy Israeli Basketball Team

New York Knicks star with Jewish background is looking to acquire Hapoel Jerusalem

U.S. Same Sex Ruling Will Provide Benefits for Israeils, Too

The American Supreme Court finally recognizes same-sex marriage, some Israelis considering emigration

Maccabi Haifa PG Gal Mekel May Be In Full NBA

The Toronto Raptors, Milwaukee Bucks and Dallas Mavericks have all expressed interest in the Israeli bball star

New Ruling Grants Women Right To Say Kaddish

Orthodox rabbis of Beit Hllel say they've found halachic sources that allow women to recite certain prayers

Monica Lewinsky’s Personal Items Included in Clinton’s Impeachment Being Auctioned

A collection of 32 items is being sold on June 27th through Nate D. Sanders Auction

What You Missed In The News This Week

Our Top Stories this week include Bar Refaeli, Adam Lambert plus exclusives with Rick Moranis & The Neighbourhood,

news_scroll_down
OUR FACEBOOK FANS
Blogs
Take Responsibility for Your Own

The 19 year old sophomore sat on the exam table looking at the floor. A college student with obvious charm

The Stanford Prison Experiment at

In 1971, researchers set up a prison in the basement of Stanford University's Psychology Department. The idea was to

U.S. vs. Europe: Health Care

As I have tried to make abundantly clear the United States is the only country in the industrialized world that

Hands Off America

Alright, that does it.Since the terrorist attacks of September 11, 2001, Americans have been willing to do their part for

Fat Returns After Liposuction ...

A study appeared in a journal titled “Obesity” which was reported by a group from the University of Colorado. In

What does Victory Look Like?

Sixty-five years ago today, World War II officially came to an end. On September 2, 1945, Japanese Foreign Minister

Share This Story With Your Friends!

Your Name:

Friend's Name:

E-Mail:

Friend's E-Mail:

(This information will not be displayed publicly)

Optional Message: