Israel has recently signed a deal to sell China water technology valued at $300 million for use in the agriculture sector, the Israeli Finance Ministry said in a statement.
The deal was signed by both countries' finance ministers in Beijing during a visit to China by Israeli Finance Minister Yuval Steinitz.
Israel is a world leader in water technology products and has pioneered drip irrigation that was developed for arid Middle Eastern conditions. No details of the companies or technology involved in the deal were in the statement.
"Israel considers the deepening of economic ties with China to be a very important strategic target for both countries," Steinitz said in the statement.
keyboard shortcuts: V vote up article J next comment K previous comment