Israeli Industrialists Warned to Adapt Themselves to Common Market
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Israeli Industrialists Warned to Adapt Themselves to Common Market

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Israeli agricultural and industrial producers were warned today by Pinhas Sapir, Minister of Commerce and Industry, to be ready “to adapt themselves, in quality and in price, to the requirements of the Common Market.”

Addressing the nation in a radio broadcast, the Minister commented on the decision of the Council of Ministers of the European Common Market to negotiate the possibility of a link for Israel. He said that Israel would have preferred full acceptance to Euromart membership, or at least associate membership similar to the type granted to Greece. He expressed the belief that the link on the verge of approval now is only “a first step.”

Meanwhile it was officially reported today that industrial production in Israel rose nearly 17 percent during the first half of 1962 compared with the same period in 1961. The industrial labor force increased by 11 percent over the same period in the previous year.

Salaries of regularly employed Israelis increased an average of 10.4 percent during 1961. By March of this year, average salaries rose by another 3.7 percent. Best paid among the regularly employed were personnel in electricity and water services who, by the end of last March, averaged 799 pounds ($266) monthly as compared with average monthly salary of 503 pounds ($168) in January 1961. The number of persons employed in these sectors, however, decreased by four percent.

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