Israel and China have opened talks on a free trade deal which could see commerce double between the two countries, Israeli officials announced on Tuesday.
"China is prepared to begin free trade agreement negotiations with Israel," Israeli Prime Minister Benjamin Netanyahu said during a meeting with Chinese Vice Premier Liu Yandong.
"This is a momentous development and we are ready to do so right away."
A statement from Netanyahu's office quoted Liu as saying the two countries are headed towards "big mutual projects".
China is Israel's third-largest economic partner, Netanyahu said, with annual trade of more than $8 billion a year.
His office said it expected trade to double if the agreement with the world's second-largest economy is ratified.
It said the deal would include technological cooperation, as well as lowering trade barriers between the countries.
During the meeting in Jerusalem, 13 other agreements were signed on a range of topics.
"We have so much that we can do together," Netanyahu added.
Name (required) *
E-mail (required, but will not be published) *
Notify me of follow-up comments
Ice cool skipper Alastair Cook insisted he never doubted England would hold their nerve after just preventing Bangladesh from pulling off an…
The facade of the world's tallest building, the Burj Khalifa in the Gulf emirate of Dubai, was lit up in pink Thursday…
The London Fashion Week (LFW) is one of the most sought out shows of the year. LFW is an annual fashion event…
Powered and Developed by FilmMatters
Copyright © 2016 Arabtoday