Unless Britain grants Israel more liberal credit terms for the purchase of British goods, Germany, as a result of the reparations pact, may very well gain a large share of the expanding Israel market, Dr. F. Shinnar, head of the Israel purchasing mission in Germany, told a luncheon of the Anglo-Israel Chamber of Commerce today.
Dr. Shinnar said that as a result of the German agreement to release some of its sterling credits for the purchase of British oil by Israel, sterling earned through the sale of Israel citrus products has become available for the purchase of additional British goods which Israel needs. However, he stressed, there are still more British goods which Israel needs, but cannot buy unless “reasonable facilities” are provided by Britain.
Dr. Shinnar assured his 200 listeners that Israel would be highly interested in developing wider trade relations with Britain. He paid tribute to the British Treasury’s assistance in the negotiation of the three-sided arrangement under which Germany paid for Israel’s oil purchases. He also revealed that a British firm had advised Israel in its dealings with the German firm which will construct a huge floating repair dock for Israel ships, and that British technicians were supervising the construction of ships for Israel in German shipyards.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
