Breakthrough in Israel-China Trade Talks
Economic Affairs Minister Naftali Bennett announced from Beijing on Tuesday that an agreement with Chinese officials was reached to conduct a survey to examine the option of a free-trade policy. After repeated Israeli overtures over two years, the Chinese have only now responded positively .
Trade between Israel and China is worth about $8 billion annually, but a free-trade agreement would considerably boost that figure.
Official figures indicate that Israel’s exports to China in 2012 rose 0.9% to $2.74 billion. Most of the exports are in advanced technology electronics and communications products, and machinery and equipment, and chemicals.
An agreement must be preceded by the survey now agreed upon.
This article appeared in print on page 20 of edition of Hamodia.
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