Israel and China sign $300 million 'clean-tech' trade agreement

FILE PHOTO - Staff members set up national flags ahead of a welcoming ceremony for Israeli Prime Minister Benjamin Netanyahu at the Great Hall of the People in Beijing, China March 20, 2017. REUTERS/Jason Lee

JERUSALEM (Reuters) - Israel and China have signed a $300 million trade agreement meant to boost the export of Israeli environmental-friendly energy and agricultural technologies to China, Israel’s Finance Ministry said on Monday.

Foreign Minister Moshe Kahlon was in Beijing to sign the “clean-tech” deal which builds on past agreements, the ministry said in a statement.

The new deal, it said, “allows the two sides to expand bilateral economic activity into other environmental-friendly technologies, including advanced agriculture technologies and smart and green energy technologies, which the Chinese government wants to implement using Israeli experience and expertise.”

Reporting by Ari Rabinovitch