Director General of the Israeli Ministry of Economy and Industry, Amit Lang, at the China-Israel Innovation and Investment Conference: “We see China as a key country for economic cooperation and it is no accident that China is the country with the highest number of Israeli trade missions in the world. Israel is a powerhouse of innovation, hosting more than 270 multinational companies, offering incentives, assistance, a work environment and human capital among the best in the world. We invite you to come and invest in Israel. We are here for you.”
The 2nd annual “Innonation” China-Israel Investment Conference, took place at the initiative of the Infinity Investment Group with the assistance of the Israeli Ministry of Economy and Industry this week in Tel Aviv. The conference is part of the DLD Innovation week. During the conference, some 500 Israeli startups met with 1,000 Chinese investors and strategic players from companies with a combined market value of some $20 trillion. Projections for cooperation and investment were up to $50 billion.
The first such conference took place in January in Beijing. As part of the second conference, a plenum took place with the participation of Chinese and Israeli government officials and senior executives from the Israeli technology ecosystem including Israeli venture funds and incubators. Other events included tours of Israel’s industrial parks and hi-tech centers, meetings with academics and more.
Amit Lang, Director General of the Israeli Ministry of Economy and Industry, was a keynote speaker: “I am happy to take part in this exciting conference. I attended the investment conference in Beijing in January and I am thrilled to welcome hundreds of wonderful guests from China here today.”
Lang said that China is a key country for economic cooperation. “Over the past few years we have seen a series of investments coming to Israel from China, but only now are we beginning to understand the great potential of this cooperation for both countries. In recent years, cooperation has reached new levels – we are holding more conferences of this sort where businesspeople from both countries get to meet and we at the Ministry of Economy and Industry are expanding our presence in China through our trade missions, acting to cement ties and create cooperative ventures. The importance we see in China as a strategic partner has made China the country with the highest number of Israeli trade missions in the world – six – in Beijing, Shanghai, Guangzhou, Hong Kong and from next week, Chengdu.
Lang added that over the coming days, negotiations will begin on establishing a free trade zone between the two countries. Such an agreement, once completed, will remove trade obstacles and enable investment opportunities. “Israel is a powerhouse of innovation and hosts more than 270 international companies, including some Chinese corporations which appreciate the opportunities in Israel. We would be happy to see even more Chinese companies and investors become active in Israel. We invite you to familiarize yourselves with our innovation and originality, attractive incentives, tailored support and our ability to do business,” said Lang.