Recently, Israel and the People’s Republic of China (PRC) have enhanced and improved relations. It’s a win win. Israel’s technological advancement and successes in innovation, inter alia, are of great interest to China and Israel can increase its diplomatic and economic ties with a trading giant. Israel business law will undoubtedly be reexamined and adapted to trade with China.
Challenges
This relationship is not always warm and fuzzy and has its share of challenges, such as:
- Israel’s ties with the US strengthen security, economy and geopolitics
- China’s ties with the US have become more and more strained
- Israel’s greatest ally, the US, is concerned about technologies that would give China any kind of military edge
- China is notorious for flouting and violating any laws that protect intellectual property
Israel business law and China can further protect Israeli intellectual property. David Page, a lawyer in Jerusalem, Israel, with top credentials and a history of success, can help any innovator and, or, entrepreneur, protect his or her brainchild.
Between a Rock and a Hard Place
While Beijing wants to increase its cooperation with Israel, particularly with regard to infrastructure and technology, the United States is adamant about limiting its involvement with the People’s Republic of China. Israel is often caught in a quandary between the two superpowers.
Mutual Interests and Benefits
The ties between Israel and Israel business law and China have grown significantly. Although they span several dimensions, the strongest are economic.
Trade
- Chinese merchandise shipped to Israel has hit the $8 billion mark, back in 2016
- Compared to $12.8 million in 1992, the rise is notable
- Israeli intellectual property is harder to track, but if we look at patent applications for goods or services manufactured in, or provided by Israel, in China from 2015, there were 700 filed applications
- There were none whatsoever in 1992, so the above statistic shows growth in Israel China relations.
Romancing the Shitou (Chinese for stone)
If we akin the ties between Israel and China to a relationship, the things that were exciting at first are exactly what peeve you further down the line.
At first, the Israeli impulsive, headstrong spirit that generates startups like mushrooms, was deemed charming and compelling by the Chinese, despite the fact that the mad Israeli rush to manufacture post haste is diametrically opposed to conservative Chinese culture, which would traditionally require more time to build trust and respect, as well as taking sufficient time to ensure precision. Chinese protocol respects hierarchy and requires a personal connection and trust, before any business is done together.
By comparison, Israelis consider such formalities a waste of precious time and time is money. There is no hierarchy or polite distance in the world of Israeli innovation. Trial and error and other risks will force paying attention to detail and not the other way around.
Such disparities, as described above, put a strain on the relationship. Other disparities even carried over to contract negotiations. Israeli business law and China differences can even be a bit droll at times. For example, Israelis wanted a clause in case of a force majeure. The Chinese did not understand the term, so the Israelis explained that it refers to an act of G-d. The Chinese then said that it’s no problem because they don’t believe in any god (source: https://www.newsweek.com/china-israel-military-technology-beijing-jerusalem-saul-eisenberg-weapons-607117).