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Ben-Eliezer: Israel will soon sign cooperation agreement with China’s NDRC

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Sunday, September 26th, 2010

As reported by IVC, Mr. Binyamin “Fuad” Ben-Eliezer, Minister of Industry, Trade and Labor, said last week that an understanding had been reached with China’s National Development and Reform Commission (NDRC) vice-president, Zhang Xiao Giang, to sign cooperation agreement.

Ben-Eliezer noted that following the signing of the cooperation agreement, wehich will take place soon, each side will nominate a team of experts to carry out the bilateral agreement.

NDRC’s task is to formulate and implement strategies of national economic and social development, annual plans, medium and long-term development plans; to coordinate economic and social development; to carry out research and analysis on domestic and international economic situation; to put forward targets and policies concerning the development of the national economy, the regulation of the overall price level and the optimization of major economic structures, and to make recommendations on the employment of various economic instruments and policies; to submit the plan for national economic and social development to the National People’s Congress on behalf of the State Council.