Is­rael, China Sign $300 Mil­lion Clean­tech Pro­to­col

The Jewish Voice - - ISRAEL - By: Mara Vigevani

Is­rael and China signed a $300 mil­lion ex­ten­sion of a fi­nan­cial pro­to­col be­tween the two coun­tries in Bei­jing Mon­day aimed at in­creas­ing Is­raeli ex­ports of clean­tech and agri­cul­tural tech­nolo­gies to China.

The deal, signed by Fi­nance Min­is­ter Moshe Kahlon and his Chi­nese coun­ter­part Xiao Jie, is an in­ter­gov­ern­men­tal agree­ment that pro­vides state guar­an­tees for Is­raeli banks to pro­vide long-term credit to Chi­nese im­porters to make pur­chases from Is­raeli ex­porters. Since the orig­i­nal fi­nan­cial pro­to­col was signed in 1995 some 320 trans­ac­tions worth some $1.75 bil­lion have been signed in var­i­ous fields in­clud­ing health, agri­cul­ture and ed­u­ca­tion.

“The visit to China fol­lows the im­ple­men­ta­tion of sig­nif­i­cant ex­port trans­ac­tions from Is­rael to China in re­cent years, which demon­strates the strength of Is­raeli in­dus­try and its rep­u­ta­tion in the world,” Kahlon said. “We see eco­nomic co­op­er­a­tion with the Chi­nese gov­ern­ment as a strate­gic goal that will en­able Is­raeli ex­porters to ex­pand their ac­tiv­i­ties and are act­ing to fur­ther strengthen the fi­nan­cial pro­to­col to ad­di­tional fields for the ben­e­fit of the Is­raeli econ­omy.”

In ad­di­tion, the fi­nance min­istry state­ment said in a state­ment that the deal “al­lows the two sides to ex­pand bi­lat­eral eco­nomic ac­tiv­ity into other en­vi­ron­men­tal-friendly tech­nolo­gies, in­clud­ing ad­vanced agri­cul­ture tech­nolo­gies and smart and green en­ergy tech­nolo­gies, which the Chi­nese gov­ern­ment wants to im­ple­ment us­ing Is­raeli ex­pe­ri­ence and ex­per­tise.”

Ac­coun­tant Gen­eral Roni Hezkiyahu added: “The sign­ing of a new fi­nan­cial agree­ment in the field of clean­tech tech­nolo­gies fur­ther strength­ens the im­por­tant eco­nomic re­la­tion­ship be­tween the two coun­tries, which be­gan more than 20 years ago, and the joint de­sire to ex­pand eco­nomic ac­tiv­ity in the fu­ture will en­cour­age co­op­er­a­tion be­tween the par­ties in other ar­eas of ac­tiv­ity as well.”

En­vi­ron­men­tal Pro­tec­tion Min­is­ter Zeev Elkin was also in China last week in an ef­fort to bring to­gether Is­raeli firms that spe­cial­ize in green­tech and Chi­nese com­pa­nies look­ing to in­vest hun­dreds of mil­lions of dol­lars in the grow­ing in­dus­try.

The del­e­ga­tion, or­ga­nized by the En­vi­ron­men­tal Pro­tec­tion Min­istry, the Econ­omy and In­dus­try Min­istry For­eign Trade Ad­min­is­tra­tion and the Is­rael In­no­va­tion Author­ity, in­cluded rep­re­sen­ta­tives from Is­raeli clean­tech com­pa­nies and fol-

lows Prime Min­is­ter Ben­jamin Ne­tanyahu visit to China in March, dur­ing which the two coun­tries signed a se­ries of bi­lat­eral agree­ments, in­clud­ing an agree­ment to bol­ster en­vi­ron­men­tal co­op­er­a­tion.

Dur­ing his visit, Elkin met with in­dus­try of­fi­cials that plan to in­vest around $520 mil­lion in green tech­nolo­gies. In ad­di­tion, the pos­si­bil­ity of es­tab­lish­ing a joint Is­raeli-Chi­nese cen­ter for the ad­vance­ment of clean tech­nol­ogy in China was also dis­cussed.

Is­rael and China signed a $300 mil­lion ex­ten­sion of a fi­nan­cial pro­to­col be­tween the two coun­tries in Bei­jing Mon­day aimed at in­creas­ing Is­raeli ex­ports of clean­tech and agri­cul­tural tech­nolo­gies to China.

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