The first round of negotiations between the European Economic Community (EEC) and Israel on establishing new trade agreements ended in what observers termed a “particularly cordial atmosphere,” and predictions were that the final signing of an accord would take place early 1975.
During the final round of talks last week, Israeli delegates underlined the differences in development between Israel and the Common Market countries in urging that the concept of “cooperation” be enlarged as much as possible, adding that Israel would like to have access to the European bank of investments in order to finance projects of industrialization. Decisions on this and other details that were not worked out in this session are expected to be made during the next round of negotiations, now scheduled for Nov. 18 and 19.
Responding to a question by the Jewish Telegraphic Agency, Israeli Ambassador Moshe Alon, who headed the Israeli delegation, declared that he was “particularly satisfied at the progress of the negotiations at this stage.” These preliminary discussions were part of extensive negotiations between the Common Market and several countries with the goal of transforming the Mediterranean area into a zone of free exchange.
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