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President Peres with Chinese Commerce Minister Chen Deming Photo: Mark Neiman, GPO
President Peres with Chinese Commerce Minister Chen Deming Photo: Mark Neiman, GPO

NIS 100M to boost India, China ties

New plan aims to increase number of Israeli exporters operation in Asian countries

Navit Zomer
Published: 04.02.11, 09:51 / Israel Business

The Treasury and Industry, Trade and Labor Ministry are launching a plan aimed at strengthening Israel's trade relations with India and China.


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As part of the plan, the State will invest NIS 100 million (about $28 million) in helping Israeli companies enter the Indian and Chinese markets.


Companies interested in taking part in the program will have to prove excellence and innovation in their field of activity.


The total trade between China and Israel reaches $7 billion, while trade levels between Israel and India stood at some $3 billion in 2009.


The plan aims to increase the number of Israeli exporters operating in the two countries and diversifying the exports, and will help fund a marketing delegation of Israeli companies in India and China.



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