Israel, China trade relations take step forward
Business agreements involving Israeli hi-tech companies were signed, as well as between the Federation of Israeli Chambers of Commerce and Invest Shenzhen.
information-sharing agreement in Tel Aviv Photo: Assaf Shilo/Israel Sun
Relations between Israel and the Chinese business center of Shenzhen took a step
forward Sunday following the signing of an information- sharing agreement in Tel
Aviv between the Federation of Israeli Chambers of Commerce and Invest
The agreement was signed during the China (Shenzhen)- Israel
(Tel Aviv) Economy, Trade and Technologies Roundtable Conference, which was
attended by Shenzhen Mayor Xu Qin and Tel Aviv Mayor Ron Huldai. It provides a
framework for Israeli companies to send delegations to Shenzhen and organize
seminars, conferences and roundtables with their counterparts in the southern
Three business-to-business agreements involving large
Israeli and Shenzhen-based hi-tech companies were also signed at the event.
Representatives from across the Israeli hi-tech industry were present at the
Last year, Shenzhen and Israel signed an agreement
on industrial research and development cooperation, and participants from both
countries said at Sunday’s event they hope to see the deal implemented soon. The
FICC also has existing agreements with the Shenzhen Chambers of Commerce and the
China Council of International Promotion of Trade.
Shenzhen has come a
long way since 1980, when the Chinese central government declared the tiny
fishing village as one of its special economic zones, or SEZs. Today it is home
to 190 of the Forbes list of 500 largest companies.
In 2011 its gross
domestic product was $180 billion, or about 75 percent of Israel’s GDP and
making it the fourth-richest city in China.
This latest deal is
particularly important because Shenzhen is the hi-tech capital of China, FICC
vice president Arie Zief told The Jerusalem Post. It paves the way for Israeli
companies to receive direct information about Chinese companies involved in
growing fields such as biotech, organic agriculture and cleantech, he
Mayor Xu said there was a huge amount of room to explore
cooperation between Shenzhen and Tel Aviv. He cited several industries,
including biotech, new energy, new materials, new-generation information
technology and creative industries.
Xu expressed to Huldai his hope that
Shenzhen and Tel Aviv will strengthen their relationship, while acknowledging
that he will sign a sister- city agreement with Haifa on Monday and that Tel
Aviv already has a sister-city relationship with Beijing.