Israeli Worries About Chinese Investment Spark Calls For Closer Scrutiny « Breaking Defense – Defense industry news, analysis and commentary

TEL AVIV: Israel needs something like America’s Committee on Foreign Investment in the United States (CFIUS) to monitor and, when needed, curtail Chinese investment that may pose a national security threat. “Surprisingly, we don’t have a body that supervises operations of Chinese companies in Israel and that is very worrying. I hope that this will changed,” a senior member of the Israeli Knesset’s Committee for Foreign Affairs and Security told Breaking Defense on condition of anonymity. “This is a very sensitive issue and it was discussed recently in the committee.” Shaul Horev, head of the University of Haifa’s Center for Maritime Strategy, was co-author of a report about the Chinese penetration into Israel. In a special interview with Breaking Defense, the former deputy commander of the Israeli navy said that Israel should not stop Chinese investments in Israel, but should create a body to supervise these investments: “Today there is no such body and that is a reason for great concern.” The American CFIUS oversees foreign investments with national security implications. Companies can ask CFIUS to review a transaction if they believe it might be needed, but the interagency commit

Source: Israeli Worries About Chinese Investment Spark Calls For Closer Scrutiny « Breaking Defense – Defense industry news, analysis and commentary

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s