American Foresees Rise in U.S. Private Investments in Israel
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American Foresees Rise in U.S. Private Investments in Israel

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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. “

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