Two-way Trade Between China and Israel Seems to Be in the Offing

Two-way trade between Israel and the People’s Republic of China appears to have been advanced at several meetings held here recently between visiting Chinese businessmen and Minister of Commerce and Industry Ariel Sharon, Yediot Achronot reported Monday.

Sharon decided to change existing policy by allowing the import of goods from China. Israel already exports various items to China. Sharon confirmed the report but would not say what those items are. The visitors asked him to allow large-scale imports of Chinese goods but Sharon insisted that any imports must be “on reciprocal basis,” the paper reported.

Some Israeli products are shipped directly to China in vessels sailing from Eilat. Others are sent via Hong Kong. A Hong Kong businessman in Israel recently expressed interest in importing clothing, particularly bathing suits.

One result of his visit is an “Israel Week” to be held in Hong Kong. Some of the items displayed there may well end up in China, Yediot Achronot said.

NEXT STORY