LONDON (Jun. 19)
The chairman of the Israel Committee of the National Export Council has predicted that Britain’s annual exports to Israel will reach 100 million pounds sterling ($240 million) within two years, the Financial Times reported from Tel Aviv. According to Marcus Sieff, the increase was likely, especially if current feelers for the purchase or British ships by Israel bear fruit. He said more British companies are coming to recognize the value of the Israeli market and are ignoring the Arab boycott. In another business development, a Japanese company will cooperate with the Dead Sea chemical works in the construction of a 120-mile pipeline that would carry over a half million tons of Dead Sea brine to Eilat annually for shipment to Japan’s potash industry, the Financial Times reported.