JERUSALEM, June 16 -- Israel is showing great confidence in the prospects of its cooperation with China in the sectors such as economy, trade and high technology.

"Let's look at the facts and you can see a lot of companies from both sides have been exploring the cooperation," said Amir Lati, minister counsellor of the Asia and Pacific Division of the Ministry of Foreign Affairs of Israel.

At the end of May, 18 cooperation agreements and memorandums of understanding were signed between China's southwestern province of Sichuan and Israel when delegates from Sichuan visited Israel.

The value of the agreements signed in the sectors of economy, trade, and investment surpassed 350 million U.S. dollars.

For Israeli companies, "China is not only a new market but also a huge market, with a lot of potentials for them to extend their operations," Lati said in an interview with Xinhua.

Big potentials in the cooperation between China and Israel are waiting to be dug out in plenty of fields such as economy and trade, investment, health care, agriculture, joint research and development, tourism and education, Lati added.

Also at the end of May, a delegation consisting of more than 100 Israeli start-ups and hi-tech companies attended the GoForIsrael, an Israel-China investment conference which was held in Jinan, capital city of eastern China's Shandong Province.

Currently, 50 percent of Israel's exports to Asia go to China, accounting for 10 percent of the total exports of Israel, Lati said.

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