Wednesday, June 22, 2016

Israel, China announce bilateral free trade talks

By NIV ELIS, HERB KEINON, GREER FAY CASHMAN

THE JERUSALEM POST \ 03/29/2016

Israel and China agreed on Tuesday to begin negotiations for a bilateral free trade agreement, Prime Minister Benjamin Netanyahu and Chinese Vice Premier Liu Yandong announced in a joint press conference in Jerusalem. A free-trade agreement with the world’s second-largest economy could have major implications for Israeli industry with the government estimating it could double trade between the two nations from today’s roughly $9 billion, boost technological cooperation and open the path for more investments. “I was delighted to hear today from Vice Premier Liu that China is prepared to begin free-trade agreement negotiations with Israel. This is a momentous development and we are ready to do so right away,” Netanyahu said, specifying that healthcare, remote education, agriculture, marine agriculture and IT are fields ripe for development.

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