LONDON (Feb. 8)
British industrialists were urged here today to disregard the threats of the Arab boycott and develop increased trade relations with Israel which “can well be a better market than the Arab markets.”
Marcus J. Sieff, chairman of the Israel committee of the British National Export Council, said that the Arab boycott of Israel does not apply where a company is merely trading with Israel. He said that, considering Israel’s links with third countries with whom she has developed economic ties, the potential of Israel’s market was “very considerable.”
The committee aims at securing as large a share as possible of the Israel market for British firms. British exports to Israel now total more than 50,000,000 pounds sterling ($140,000,000).
An increase in British trade with Israel was urged tonight at a “Made in Israel” exhibition, one of a series staged here this week at several of the leading department stores in London. Donald Silk, chairman of the economic committee of the British Zionist Federation, who presided over the event, said that Israel was looking for additional outlets for her exports “like any other country, but even more so because the natural markets — the Arab countries — are closed to her.”