Cabinet ratifies economic agreement with China (JERUSALEM POST) By YONI DAYAN 04/01/12)
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The cabinet on Sunday ratified an agreement that is set to expand
bilateral research and development projects between Israel and China.
The agreement will be overseen by the Chief Scientist´s Office, and
is one of 45 bilateral agreements that the office is promoting to
increase joint economic activity with China.
Trade and Labor Minister Shalom Shimhon commented on the agreement,
saying that it "is one of the most important tools available to
promote trade ties with China, and includes the establishment of a
special fund to support [Israeli] companies operating in China and
Shimhon also stated that "China is one of the most important
countries in terms of relations with Israel, together with India."
Speaking of the future of Sino-Israeli relations, Shimhon stated
that "we are in the process of negotiating a free-trade agreement
with China, and this agreement is another step that we are taking
towards that end."
Speaking at the cabinet meeting, Prime Minister Binyamin Netanyahu
said that "we are hoping to reach our target of $10 billion in
exports to China within three years."
He added that "in June, I will travel to China to promote this issue.
Israel and China together is a winning combination because we are two
peoples with magnificent traditions but that have also adopted the
fundamentals of modernity."
Trade and Labor Ministry Chief Scientist Avi Hasson said
that "Israeli exports to China have increased by more than 30 percent
since last year, primarily due to the strengthening of the domestic
technological industry." (© 1995-2011, The Jerusalem Post 04/01/12)
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