Egyptian Premier Mohammed Naguib yesterday reported to a meeting of the envoys of Arab states in Cairo on an offer of economic assistance from West Germany conditioned on the Arab League’s scrapping its threatened economic boycott of Germany over the Israel reparations pact, a dispatch from the Egyptian capital said today.
The dispatch said that Arab diplomatic circles feel that this is the most propitious moment for the Arab states to deal with Germany. It was pointed out that Egypt, for one, has found Bonn to be its third best customer for cotton this year and one of its most important suppliers of manufactured articles. The latter dependence on Germany is occasioned by Egypt’s shortage of sterling exchange, which shuts her out of British Commonwealth trade.
Among the Arabs present at the meeting yesterday beside Premier Naguib and Arab diplomats were the Secretary General and Assistant Secretary General of the Arab League and the Egyptian Foreign Minister.
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