JTA NEWS
16 October 2019 - 17 Tishri 5780 - י"ז תשרי ה' אלפים תש"פ
JTA NEWS :
Israel and China sign financial protocol E-mail

Israel and China signed a US$300 million extension of a financial protocol between the two countries in Beijing in September, aimed at increasing Israeli exports of clean tech and agricultural technologies to China.

The deal, signed by Israel’s 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 US$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.

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