JERUSALEM (May. 18)
Nathan Straus of New York, chairman of the American Chamber of Commerce, predicted today that the flow of private investments from the United States to Israel would rise to $50, 000, 000 annually by 1963 compared with the present annual rate of $15, 000, 000.
Mr. Straus made his prediction at the opening session of the second International Conference of Bi-National Chambers of Commerce. Pinhas Saphir, Minister of Trade, told the delegates that a few years ago Israel had few exports to offer and the local market was starved for imported goods. Now, he said, “we are in a position to give preference to countries interested in buying our products. “