Teams to Study Relations with Egypt

The Ministry of Industry, Commerce and Tourism has set up a committee which will study the bilateral economic relations expected between Israel and Egypt. The committee appointed five working teams to study various aspects of the future economic relations between the two countries, and other aspects of peace.

Sinai; One team will work out regulations for compensation for those enterprises leaving Sinai, as well as alternative solutions for those projects.

Autonomy: Another team will study the possible effects of the autonomy on the Israeli economy and will list a series of Israeli claims on such issues as imports and exports, as well as customs.

Negev: A team will study the potential for industrial and tourist development of the Negev. Specific plans call for turning Beersheba into a tourist center.

Egypt: One of the teams will study the possible economic ties with Egypt. Among the issues to be studied are customs, border crossings, tourism and mutual plans regarding industry.

Gideon Patt, Minister of Industry, Commerce and Tourism, has already received a large number of applications from businessmen, especially in tourism, who are asking for permission to go to Egypt and initiate business ties with Egyptian entrepreneurs.

Koor, the giant Histadrut industrial concern, has already prepared a comprehensive study of the Egyptian economy. One of the surprising findings of the study was that there are only a limited number of products which may be of interest to Egyptian businessmen. Patt expressed concern recently that Israeli businessmen may feel that the Egyptian market is less demanding than other markets, and therefore, may lower the quality of their products.

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