NEW YORK (Jul. 19)
Israel’s exports to the United States increased by virtually 100 percent last year and are continuing to record a steadily increasing growth, it was reported last night, by Benjamin Abrams, chairman of the Greater New York Committee for State of Israel Bonds. He emphasized that the Jewish State’s gains in the export market, combined with its increasing capacity to supply domestic needs, “were placing Israel on the read to economic self-sufficiency.”
Israel’s exports to the United States increased from $4,500,000 in 1949 to $8,500,000 in 1950, Mr. Abrams said. In the first quarter of 1951, he added, the Jewish State’s exports to this country totalled $3,850,000, a substantial increase over the corresponding figures for 1950. Israel exports to this country now includes wearing apparel, wool yarns, diamonds, wines and liquors, chocolates, handicrafts, religious articles and books.