Israel and China have struck a deal to purchase a US-manufactured mouse, with Israel to pay $30 million and China to pay a further $30m, according to the latest reports.
The deal was announced by Israeli Prime Minister Benjamin Netanyahu on Thursday, as he visited China’s Hubei province, where the pair agreed to invest $1.3 billion in the joint venture to manufacture a mouse that would be sold in China.
It is believed the deal will be completed by the end of the year, according the Israeli daily Haaretz.
China is also planning to buy the mouse, a source familiar with the matter told The Associated Press.
Netanyahu is visiting China, which is a major producer of mice and was one of the world’s leading exporters of mice at the end the 19th century.
The Chinese mouse maker is expected to be the world leader in the mouse industry, which accounts for about half of the $US3 billion the US-based company makes annually.
“We’re looking forward to seeing the mouse as soon as possible, and it is an important step for our two countries,” Netanyahu said in his announcement.
“The mouse is a big step forward for the development of a new industry in the world.”
Chinese Premier Li Keqiang is expected in Israel on Thursday to discuss the mouse deal, according a statement from the ministry of foreign affairs.