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Investment Law Urged

Amos Mar-Haim, director general of the investment center, urged the Cabinet today to introduce a new law aimed at encouraging investments. In memorandums to the Finance Minister and the Minister of Commerce and Industry, Mar-Haim said the present law was too complex. He urged the elimination of bureaucratic red tape which, he said, discouraged the kind of investors Israel’s industry wanted to attract. He said the new law should be clear, concise and effective and should be enacted without delay.