During a five-day trip to China, Israeli Prime Minister Benjamin Netanyahu and Chinese Premier Li Keqiang signed an agreement on May 8 to increase exports by offering exporters from both countries extra financial protection. The deal increases the amount of insurance against currency risk offered to Israeli and Chinese exporters in each other’s markets, according to Haaretz. Before the deal was signed, the agreement was worth $1.35 billion. The new agreement raises the amount to $2.05 billion.

Posted by Ben Baden