The Israel Government is negotiating with groups in warious countries, including some in the Middle East, for capital investment in large-scale development projects in various parts of Israel, it was learned here today.
The Knesset Economic Committee, meanwhile, has been discussing the proposed “Development Authority.” The Parliamentary Finance Committee is also considering increasing the 55,000,000 pound budget tentatively set for the Development Authority to 70,000,000 pounds.
The successful negotiation of six new trade pacts for small-scale exchanges with countries in Europe, was confirmed today by the Trade Ministry. Belgium will accept Israel citrus products for artificial silk and scrap iron, while Italy will exchange artificial silk for cotton waste.
From Switzerland will come aniline paints and artificial silk for citrus products. Finland will receive flannel goods for cardboard, paper, pulp and timber, while Sweden will accept nylon hose in exchange for knitting machinery.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
