Olmert wit with Chinese counterpart Wen Jiabao
Photo: Reuters
Olmert: Trade with China to triple in 3 years
Prime minister says, ‘Water-technology agreement we signed will be the foundation for fruitful economic cooperation’
Prime Minister Ehud Olmert,
on his way back from a visit to China, has announced a new China-Israel Bi-National Fund for Investment in High Tech research and development.
He said the fund will help further cooperation between the two countries and that trade between China and Israel will triple to USD 10 billion by 2010.
"For China, water is as important as oil, and Israel is the leader in water desalination and recycling technologies," he said. "The water-technology agreement we signed will be the foundation for fruitful economic cooperation."
Last November the largest, most powerful delegation of business leaders and governmental officials ever to visit Israel from China toured the country for four days.
The visit was aimed at deepening the cooperation in the areas of water, agriculture, and medicine.
Reprinted by permission of The Israel Export and International Cooperation Institute
