Looks like Israel will have business relationships with China as well as India and Hong Kong (which conducts its business apart from mainland China).
Israel, China Sign New Bilateral Financial Agreement
Posted by: Lea Speyer May 21, 2014 , 12:01 pm
Israel is bolstering its ties with China as the Ministerial Committee for Chinese Affairs, headed by Israeli Prime Minister Benjamin Netanyahu, approved a new plan that would strengthen and expand bilateral financial ties between the two nations.
The announcement of the new plan comes on the heels of a visit by Chinese Vice Premier Liu Yandong to Israel. During the premiers visit, China and Israel signed a bilateral cooperation agreement and inaugurated a new academic institute to strengthen cultural ties.
The new bilateral financial agreement will increase Israeli exports to China in an annual amount of five billion NIS ($290 million) within a five year period. Israel has agreed to finance around 49 million NIS ($14 million) a year in order to carry out the plan.
The Committee appointed Eugene Kandel, Chairman of the National Economic Council, to head the team tasked with carrying out the new initiative. The team was established last May following a visit by Netanyahu to China. China has established a counterpart team that will work with the Israeli team to advance efforts.
Read more at
Israel, China Sign Bilateral Financial Agreement - Israel News
Israel, China Sign New Bilateral Financial Agreement
Posted by: Lea Speyer May 21, 2014 , 12:01 pm
Israel is bolstering its ties with China as the Ministerial Committee for Chinese Affairs, headed by Israeli Prime Minister Benjamin Netanyahu, approved a new plan that would strengthen and expand bilateral financial ties between the two nations.
The announcement of the new plan comes on the heels of a visit by Chinese Vice Premier Liu Yandong to Israel. During the premiers visit, China and Israel signed a bilateral cooperation agreement and inaugurated a new academic institute to strengthen cultural ties.
The new bilateral financial agreement will increase Israeli exports to China in an annual amount of five billion NIS ($290 million) within a five year period. Israel has agreed to finance around 49 million NIS ($14 million) a year in order to carry out the plan.
The Committee appointed Eugene Kandel, Chairman of the National Economic Council, to head the team tasked with carrying out the new initiative. The team was established last May following a visit by Netanyahu to China. China has established a counterpart team that will work with the Israeli team to advance efforts.
Read more at
Israel, China Sign Bilateral Financial Agreement - Israel News
