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Israel Sees Improved Commercial Ties with European Common Market

April 11, 1973
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Israel will seek to consolidate its commercial ties with the enlarged Common Market over the next six years and create a sound market in European Economic Community countries for its technological and industrial products, Ambassador Itzhak Minerbi, director of the Israeli Foreign Ministry’s economic department, said here today.

In the first complete policy statement since the enlargement of the EEC, Minerbi said that Israel should be able by 1976 to export 46 percent of its gross national product, chiefly to the EEC. “In order to achieve this result,” Minerbi said, “we must develop mainly industrial exports.” He added that Israel would assure its relations with the EEC by assuming free-exchange zone status with the Europeans, in gradual steps to be completed by July 1, 1977.

President Zalman Sharar wrote the final two letters in a Torah scroll presented in Jerusalem by 200,000 Jewish children from 25 countries, in what he described as “the final ceremony of my presidency and the start of a new period of public activity.”

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