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Tuesday, March 29, 2016

Israel-China free trade agreement to double bilateral trade

Netanyahu and Chinese Vice Premier Liu Yandong open 2nd Israel-China innovation conference
Netanyahu and Chinese Vice Premier Liu Yandong open 2nd Israel-China innovation conference
Haim Tzach/GPO

Israeli Prime Minister Binyamin Netanyahu lauded Israel's burgeoning ties with China Monday, during a meeting in Jerusalem with Chinese Vice Premier Liu Yandong.

In particular, Netanyahu hailed Beijing's overtures to begin free trade negotiations with the Jewish state, which could potentially double bilateral trade, from $8 billion to $16 billion.

"I was delighted to hear today from Vice Premier Liu that China is prepared to begin free trade agreement negotiations with Israel," Netanyahu told reporters at a joint press conference. "This is a momentous development and we are ready to do so right away. READ MORE