U.S. Firms Ask Israel Government to Abolish Trade Controls

Israel authorities have been asked by leaders of the American-Israel Chamber of Commerce “to give serious consideration, at an early stage, to the need for maximum economic freedom and the cancellation of all controls, exchange and otherwise, which at present tend to stop the flow of capital from abroad for investment in constructive development of the country, ” it was reported here today by Nathan Straus III, president of the Chamber.

Mr. Straus said that the request was supported by delegates from eleven countries at the first conference of Israeli Bi-National Chambers of Commerce held in Israel recently. A resolution to this effect, introduced by members of the American delegation, was adopted at the conference unanimously.

“The delegates from the eleven countries also heard from their American colleagues how their countries, whose purchases from the U.S. are limited by dollar shortages, can buy American products via Israel, where such products already are and will increasingly be manufactured under license and assembled from parts shipped from here”, Straus reported. These delegates he said, represented some 5000 corporations and businessmen who are members of the eleven Chambers.

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