Second World Economic Conference Set for Wednesday, Some 100 Will Attend from U.S.

A second world economic conference for Israel will open here Wednesday, just 14 months after the first one was opened in June, 1968 by the late Premier Levi Eshkol. The gathering will be attended by 250-300 businessmen, financiers and economists from Europe, Asia, North and South America and a like number of Israelis. The largest contingent, over 100 persons, is expected from the United States. About 80 delegates will come from continental Europe and 25 from Great Britain. The conference will run through Sunday, June 29.

The economic conference, designed to spur foreign investment in Israel and cooperative business ventures between Israeli and foreign firms, will be sponsored by Premier Golda Meir. According to Dr. Yaacov Herzog, director general of the Prime Minister’s office, this year’s conference will be devoted to a summation of the progress made since June, 1968 when 10 committee were set up to follow through on the various decisions and programs adopted. Each committee deals with a specific branch of Israeli economics such as electronics, science-based industry, textiles, clothing and food. Various new investment and savings projects are expected to emerge from the gathering. The Cabinet approved several bills yesterday which will give broad tax reductions to investors and to certain productive industries.

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