In a landmark swap deal, Israel has signed a deal with South Korea to ship 700,000 lakh doses of the Pfizer-BioNTech coronavirus vaccine that are soon to expire to get the same amount of shots back later in the fall, Israeli Prime Minister Naftali Bennett said on Tuesday.

"This is a win-win deal," Israel Prime Minister Naftali Bennett said in his statement. The agreement will "reduce the holes" in the vaccine's availability. Jung Eun-kyeong, South Korea's top infectious disease expert, confirmed the deal. She said the Seoul government will continue to pursue swap deals with other countries. "We are expecting to have a sufficient number of vaccines during the fourth quarter while we proceed with our vaccination campaign," said Jung, director of the Korea Disease Control and Prevention Agency.

Under the deal, Israel will transfer the Pfizer vaccines to South Korea in an effort to vaccinate more of the Asian nation's citizens this month. South Korea will send the same number of doses to Israel as early as September, the officials added. South Korea has so far administered first doses to just 30% of its population. Israel has fully vaccinated nearly 5.3 million people of its population of 9.3 million. By September, the country aims to vaccinate 36 million of its 52 million population and achieve herd immunity by November.

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