JERUSALEM (Feb. 19)
Top Israel Foreign Ministry officials were today reported to be in conference over the details of a new peace offer from Egypt.
The report said that Egypt has renewed its insistence that as a condition of peace Israel must not recognize Jordan rule over any part of Palestine. In return the Egyptians offer to remain neutral in the event of a renewal of hostilities between Israel and Jordan. The Egyptians also offer a trade pact based on the pound sterling under which they would export cotton and augar in return for Israel medicines and chemicals.
Meanwhile, it was reported that the talks with Jordan are progressing very well. Some observers interpret the Egyptian offer as evidence of a race between the two Arab states to gain an earlier, and more favorable, pact.