The United States today moved forward to implement plans to aid the United Arab Republic economically despite UAR intransigence on the Suez Canal transit issue.
The U.S. Treasury Department announced plans for discussing a new tax treaty with the UAR in the near future. It would pave the way for closer economic relations of the United States and the UAR. The treaty would deal with elimination of tax obstacles to trade and investment in the two countries. It would facilitate President Nasser’s development program.
The talks were described as “preliminary.” If a basis for agreement is found, drafts will be submitted by the two governments for consideration. Treasury Department sources described the new development as a sign that the two nations are moving closer together.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
