US preaure? Israel established a foreign investment oversight body in light of china's presence


by Ifi Reporter Category:Government Oct 31, 2019

The Political Security Cabinet decided to establish a foreign investment oversight body for the Israeli economy, as Finance Minister Moshe suggested, as the committee window be the responsibility of the Ministry of Finance.
It was decided that the committee would not deal with high-tech investments. The establishment of the commission may be related to the government's pressure on Israel in light of China's investment in infrastructure projects in Israel.
The committee will be accompanied by senior representatives from the Ministry of Finance, the Ministry of Defense and the National Security Headquarters, as well as observers from the Ministry of Foreign Affairs, the Ministry of Economy, the National Economic Council and another representative from the Ministry of Finance. The committee will consult with the relevant security and economy officials. Calls to the committee will be made voluntarily by the regulators. Transactions that do not require government approval - will not be brought to the committee for discussion. "
The initiative to monitor foreign investment in Israel, which is defined as the merger, acquisition or investment of foreign entities in Israeli companies, began to gain momentum about a year ago due to US pressure on Israel. The Americans sought to prevent Israel from transferring technologies to China. That pressure precipitated the process as U.S. President Donald Trump intensified the trade war against Beijing.
 US pressure was reflected in two sensitive points that Prime Minister Benjamin Netanyahu mentioned yesterday when he thanked Americans: military aid and economic sanctions on Iran.
Opponents of setting up a regulatory body fear that establishing such a body would be a death blow to that thriving industry, as any foreign investor would know that any action he would like to take after investing in Israel would be subject to a body of security tones that does not have to substantiate his secret decisions. However, it has now been decided that the regulator is the one to decide whether to approach the committee or not - and because there is no regulator for the high-tech industry - it remains out of the game.
 This week, the OECD issued an exceptional and serious report on FDI (foreign direct investment). The entry of foreign investment into OECD countries declined sharply by 43%, mainly due to the declines in those investments to the Netherlands, the US, the UK, Belgium and Ireland.
Investments by Chinese entities in the US plunged from the peak of $ 16 billion in the second half of 2016, at least from $ 1.2 billion in 2019. Chinese companies are not only investing less in the US but are eliminating existing investments.
 What about Israel? After new highs recorded over the past two years with foreign investment entering $ 18.2 billion in 2017 and $ 20.8 billion in 2018, a 43% drop in foreign investment between the latter half of 2018 and the first half of 2019. The Treasury is aware of this data And the harsh consequences of laws that would discourage foreign investors.



No comments have been left here yet. Be the first who will do it.

captchaPlease input letters you see on the image.
Click on image to redraw.


Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum


No testimonials. Click here to add your testimonials.