Israel Participates in Meeting of Ministers on Tariffs and Trade

Israel’s Minister of Commerce and Industry Pinhas Sapir arrived here today from Jerusalem to head the Israeli delegation taking part in the Ministers Meeting of the General Agreement on Tariffs and Trade, which opens here tomorrow. Israel is one of more than 50 nations taking part in the conference.

Other members of the Israeli delegation include Ambassador Moshe Bartur, Israel’s permanent representative in Geneva; Israel Galed, deputy director general of the Ministry of Commerce and Industry; David Golan, deputy controller of foreign exchange of the Finance Ministry; and Ephraim Haran and Moshe Itan, of Israel’s permanent delegation to the European Headquarters of the United Nations in Geneva.

(In Jerusalem, the Finance Ministry announced today that it would seek an amendment to the Capital Investment Encouragement Law, to abolish special benefits hitherto given to foreign investors in securities traded on the Tel Aviv Stock Exchange. One such benefit which would be eliminated by the measure now entitles the purchaser of such securities through the conversion of foreign currency to an eight-year exemption from income taxes.)

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