China and Israel Sign Cooperation Agreements; Israel to Recruit 20,000 Chinese Construction Workers
Yicai Global
/SOURCE : Yicai
China and Israel Sign Cooperation Agreements; Israel to Recruit 20,000 Chinese Construction Workers

(Yicai Global) March 22 -- Israel will get 20,000 construction workers from China under a short-term work agreement for specific industries, which is among a slew of agreements signed between the two countries during Israeli Prime Minister Benjamin Netanyahu's visit to China.

After Israeli Prime Minister Benjamin Netanyahu met with Chinese Premier Li Keqiang on March 20, officials from the two countries inked four cooperation agreements on labor recruitment, civil aviation, joint research and development and economic planning, the Times of Israel, an American Israeli news website, reported.

The two leaders have agreed to put innovative cooperation at the center of China-Israel partnerships and accelerate negotiations over setting up a free trade zone between the two countries, Deng Li, director-general of the Department of West Asian and North African Affairs at China's Foreign Ministry, said at a press conference after the meeting.

Judging from the first round of free trade zone negotiations held last September, China and Israel boast economic complementary and will soon make progress in the negotiations, Deng said. The two sides are negotiating the timing for the second round. "I am very optimistic about the progress of negotiations over the free trade zone between China and Israel," said Deng.

"Since China has manufacturing and marketing capabilities and Israel boasts advanced technologies, our cooperation would be a natural fit," Netanyahu said at the business innovation forum held on March 20.

Per public information, China is Israel's third-largest trading partner, with bilateral trade exceeding USD11.3 billion last year.

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