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Second World Economic Conference Planned in Israel for Next May

A second world economic conference will be convened In Jerusalem next May to continue the work begun by the economic conference that took place here last April on the initiative of Prime Minister Levi Eshkol. The decision to hold a new conference was made at the conclusion of a week-long meeting of foreign and Israeli businessmen and financiers who comprise the regional chairman selected at last spring’s gathering.

The purpose of the economic conferences is to further the rapid development and modernization of Israel’s industry and commerce and to increase the country’s exports through technical advise and infusions of foreign investment capital. The meeting Just ended here recommended that the stress be placed on technological industries and other fields where Israel has a particular competitive advantage or an urgent need. The participants asked the conference technical committee to work closely with the Jewish Agency to promote the immigration of qualified persons and businessmen and to brief them on investment opportunities.