WASHINGTON (Dec. 15)
Israel Ambassador Avraham Harman met today with G. Lewis Jones, Assistant Secretary of State for Near Eastern Affairs, for an exchange of views on the current situation in the Middle East and matters of mutual American-Israeli interest.
A favorable analysis of Israel’s new investment laws has been published by the United States Department of Commerce which describes how Israel is encouraging foreign investment. The analysis is featured in the Government periodical “Foreign Commerce Weekly,” which is widely read by American business leaders.
An examination is made of the law for encouragement of capital investment of 1959 which replaced the law of the same title of 1950, as amended in 1955. The more important benefits accorded by the law to enterprises approved by the Israel Investment Center are described in detail in the report.