Finance Minister Levi Eshkol told Israel’s Parliament tonight that the Government’s new economic policy, since the devaluation of the pound last February had proved to be a success both at home and abroad. Comparing the first nine months of this year with the same period of 1961, he said that production rose and the level of employment increased despite the large scale immigration of the period. He added that 15 percent more goods had been exported in the comparable periods.
The Finance Minister expressed cautious optimism concerning the negotiations for some kind of an Israeli trade link with the six-nation European Common Market scheduled to be resumed this month in Brussels. He said he anticipated an “overall dynamic arrangement” with Euromart and forecast that exports to the six nations and to England would total $250, 000, 000 annually as compared with the $105, 000, 000 exported by Israel last year.
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