p.p1 to initiate One Belt One Road (OBOR).

Topic: BusinessComparative Analysis
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Last updated: August 28, 2019

p.p1 {margin: 0.0px 0.0px 12.0px 0.0px; text-align: justify; font: 12.0px ‘Times New Roman’; color: #000000; -webkit-text-stroke: #000000}p.

p2 {margin: 0.0px 0.0px 0.0px 0.0px; text-align: justify; font: 12.0px ‘Times New Roman’; color: #000000; -webkit-text-stroke: #000000}span.s1 {font-kerning: none}China- Israel bilateral trade:China and Israel have started their diplomatic relations since 1992.

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Afterward their economic relationship started with some economic agreements then it developed faster. The top export goods from Israel to china have been High-technology, communications, metals, precious stones, chemical industries, pharmaceutical and agriculture. In 2016, total Israel’s export to China was US$ 3.3 billion and in reverse total export of China to Israel was US$ 8.7 billion which including Machines, plastics, textiles, transportation, wood products and so on. They also have strong development of bilateral trade in services, in the case of consulting, transportation and tourism.At present, Israel is the trade partner of China and she is one of the most significant trade partners in Middle East, specially in order to initiate One Belt One Road (OBOR). However, China is the Third largest trade partner of Israel.

In 2015, China’s government decided to develop Free Trade Area (FTA) with Israel. Both sides started to negotiate on issues including trade in services, goods, economic and technical cooperations, and these negotiations are still in progress.Israel is one of the best countries in the world for innovation, however, its Research and Development (R&D) accounts for 4.5 of her GDP which has ranked in the first between other countries for a long time and currently it is not at he same level.The head of government Mr. Netanyahu in his visit in 2013, he expressed his and Israeli governments intention to have projects and partnership in several areas including technology, business and science. Nonetheless, China is also interested in innovation of Israel in the fields of science and technology that is why the Deputy Prime Minister of China has visited Israel in 2014 to take part in first conference of innovation. Afterward the Deputy PM has published an article on “Jerusalem Post” which titled ” To Make China-Israel STI Cooperation Bloom”.

Furthermore, in 2015, they started to have some meetings regarding to the Innovation Cooperation which in result both sides agreed on some Action Plan such as “7+7 University research Federation” and ” 2015-2019 Cultural Cooperation Action Plan”.India – Israel bilateral trade:India and Israel have started their official diplomatic relationship in 1992. Since that time, the economic ties and bilateral trade started and have been increasing quickly from US$ 200million to US$ 4.1 billion in 2016. At the beginning most of mutual trade were about diamonds but in recent year it has diversified particularly in hi-tech sector. The bilateral trade rate from 2015 to 2016 has grown only by 0.85% which is almost at the same rate for both years.

In 2016, Israel has exported goods to India worth US$ 2.4 billion consist of precious stones, mineral products, chemical, base metal, etc. However, India has exported goods to Israel worth US$1.76 billion including electrical equipments, textile, plants, rubber and plastic products and so on. The trade of this year was in favored of Israel because she took more profits than India. In 2016, The bilateral trade between India and Israel was about 3.3% of total trade of Israel.

In 2010, the Prime Minister of India Mr. Manmohan Singh, has accepted the proposal of Free Trade Area (FTA) which asked earlier in 2007 by Israel’s government. Both countries agreed on many commerce fields such as information technology ( IT ), health care, water management, biotechnology, pharmaceuticals, water management and agriculture. Furthermore, the Israel’s government propose to double the value of this agreement between both countries from US$ 5 billion to US$ 10 billion in 2013 if they could reach to a free trade agreement.

These two countries are still in the negotiation on a free trade agreement in advanced level particularly in free trade agreements on goods and then on trade in investment and services.Israel is one of the advanced and innovated countries in the world in Water Technologies sector. Water-Gen is one an advanced company of Israel who is working in India. This company has a special technology to produce fresh water from air by its special solar-power system and both small and large demand of fresh water can be supply.

Lately, this company and local company of solar engineering signed a deal worth US$ 100 million for providing water services to far villages in India. 

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