Israel and China have agreed to begin negotiations on creating a bilateral free-trade agreement. The announcement was made by Prime Minister Binyamin Netanyahu and Chinese Vice Premier Liu Landong at a news conference at the Israeli foreign ministry on Tuesday. While Netanyahu extolled the broad range of areas where Chinese-Israeli cooperation could have significant benefit (“health, distance education, agriculture, aquaculture, information technology”), Liu revealed that the two nations are “moving in the direction of major joint projects.” Joint trade between the two nations has already surpassed the $8 billion mark and the bilateral free-trade agreement is expected to drive that figure significantly higher.
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