Israel and China on Thursday agreed to establish a joint committee that will be
tasked with formulating a five-year plan on bilateral trade
Industry, Trade and Labor Ministry director-general Sharon
Kedmi and Chinese Deputy Minister of Commerce Jiang Yaoping confirmed the
committee’s creation during a meeting in Beijing. The two also discussed the
feasibility of establishing a free-trade agreement.
Ambassador to China
Matan Vilna’i and two trade attaches will represent Israel on the committee.
Their work will concentrate on specific sectors in which there is huge potential
for trade and business cooperation.
“China is known for its federal and
regional five-year plans and for its impressive implementation of them,” Kedmi
said in a press statement.
“Through our long-term vision, we are happy to
formulate – together with our Chinese friends – a strategic and operational
program for developing and strengthening trade relations.