China Ministry of Commerce: Israel and China to begin FTA talks

The ministry noted that the two sides have completed a feasibility study of the FTA "with a positive outlook
22.03.15 / 10:51
China Ministry of Commerce: Israel and China to begin FTA talks
22.03.15
China Ministry of Commerce: Israel and China to begin FTA talks
•

China Ministry of Commerce announced that China will begin negotiations on a proposed free trade agreement with Israel this year.

 

In a statement issued by the ministry noted that the two sides have completed a feasibility study of the FTA "with a positive outlook," Bilateral trade has increased notably since the two countries established diplomatic ties in 1992.

 

China is now Israel's third largest trade partner and the largest in Asia. An FTA with China, the world’s second- largest economy by nominal GDP and the world’s largest economy by purchasing power parity (according to the IMF), will help Israeli exports enter a hugely important but difficult market and provide a significant boost for our competitiveness.

 

Already, China’s share of Israeli exports projected to rise to 10% in 2035 from 5% currently.

 

More articles that may interest you
Israel imported its first fruit and vegetables from the Gaza Strip in almost eight years
Israel eases ban on export of farm products from Gaza
The import of goods totaled NIS 18.5 billion, export of goods totaled NIS 19.1 billion and the trade surplus in goods, totaled NIS 0.6 billion
Israel's February Foreign Trade: NIS 1.7 billion Trade Surplus in goods
Subjects under discussion last week included access to markets, customs, services and investments, intellectual property, trade obstacles, institutional issues and conflict resolution
Panama, Israel completed second round FTA negotiations
Overall annual sales of Israeli-made wine reached US$220 million
Exports of wine and spirits up 10% in 2014, to US$40 million
Israel and Egypt have marked 10 years of the U.S. Qualifying Industrial Zone framework (QIZ)
Israel, Egypt set target of US$2bn duty-free textile exports to U.S. within 3 years
For the first time, the Central Bureau of Statistics (CBS) is publishing data about the imports of goods by mode of transport
In 2014, imports of goods to Israel by sea transport comprised 64.3% of imported goods
More news from Trade Section
>Israel Corp. breaks off ties with Qoros Automotive Co./15.02.15 >Israel, Turkey bilateral trade booming/15.02.15 >The 21st Annual International Mediterranean Tourism Market attracts 30 countries/15.02.15 >Israel's Foreign Trade: January's trade surplus in goods totaled NIS 1.1 billion/15.02.15 >Indian, Israeli officials to meet on free trade agreement/08.02.15 >Israeli wine exports in 2014 up 10%/01.02.15 >Russian Foreign Minister: Israel interested in a free trade zone with Eurasian Economic Union /01.02.15 >Israel, India renewed pact for third phase of agriculture cooperation project/18.01.15 >Israeli diamond exports in 2014 US$9.324 billion/11.01.15 >Israel moves toward closer ties with Japan/11.01.15