Israel expects that about $200,000,000 in foreign investments would flow into Israel this year, Israel’s Finance Minister, Levi Eshkol, declared here this weekend. Israel, however, wants long-term investments, and many American concerns have already established operations there, he declared.
Mr. Eshkol made the statements in an interview with a New York Times reporter whom he told: “Ten years ago, we were eager to accept any kind of short-term loan. We don’t want that ‘hot money’ any more. What we need now is long-term investment.”
The Israeli Finance Minister predicted that he is “sure” that a link will be established between Israel and the European Common Market, declaring that he had obtained promises to that effect from the “highest echelons” of member Governments in Euromart. Within the next six months, he said, an Israel-Euromart group would work out an item-by-item agreement on trade. “Exclusion from the Common Market,” he said, “would be dangerous to our economy.”
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