The Israel Government has realigned its economic offices in this country to incorporate export promotional activity with the functions of its Investment Authority office here, it was announced today. The combined operation will be known as the Israel Government Investment and Export Authority and will be under the direction of Baruch Barak, who recently assumed direction of the American office of the Investment Authority.
Mr. Barak said today that combining export promotion with investment promotion illustrates the new Israeli approach to the country’s economic expansion. “Israel’s export capacity is directly related to her production capability,” he said.
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