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American-israel Chamber of Commerce Established in New York

The establishment of an American-Israel Chamber of Commerce and Industry was announced here today by Nathan Strauss III, who was elected first president of the new American-Israel organization.

Mr. Strauss revealed that the American-Israel Chamber of Commerce and Industry was sponsored by The Manufacturers’ Association, Chambers of Commerce and The Farmers Federation of Israel, which, together with American leading business concerns, formed the Chamber as an American membership association incorporated under the laws of the State of New York.

“The Chamber,” Mr. Strauss said, “was established to meet a long-felt need for a non-governmental and responsible body to bring in direct contact business men of both countries – for trade promotion purposes, provision of up to date information and accurate data, market research, arbitration, and other accepted functions of a foreign Chamber of Commerce.”

Mr. Strauss pointed out that actual trading activities between the U.S. and Israel have already passed the $100 million mark annually, and that over one thousand American firms are doing business – “and good business” -with Israel. He emphasized that the Chamber has been assured full assistance by the U. S. Department of Commerce and was established with the full support of the Israel Government.

“We have full confidence in Israel’s economy and its progressive development,” Mr. Strauss said. “It is our purpose to ensure that the United States keep its lead in the Israel market and in the business activity that will be forthcoming in view of Israel’s rapid economic development and growing population. At the same time, we shall do our utmost to increase Israel’s exports to this country.”

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