JERUSALEM (Oct. 3)
Israel’s Trade and Industry Minister, Haim Zadok, gave basic approval today to a plan to enable Israeli industry to compete more effectively in world markets which Ministry sources today called “a revolution in industrial planning.”
Under the plan, Israel’s industrial effort will be concentrated on no more than 20 to 25 industries which will be expanded to the size necessary to enable them to engage in such world competition. The effort will be limited to a number of specialized branches which will be sufficiently expanded to enjoy the benefits of large scale production methods and research.
In a related development, the Foreign Ministry decided today to submit Israel’s formal application for associate membership in the European Economic Community within the next few days. The decision was made after lengthy tactical considerations.