The Israeli Manufacturers Association last night called on the Israel Government to increase its imports of raw materials and gradually eliminate its controls over industry.
At a general meeting, the industrial group decried government surtaxes on machinery and equipment purchased since 1949 and asserted that if this taxation program is enforced it will “shake the foundations” of industry, particularly during periods when raw materials are in short supply. The industrialists agreed that frequent changes in the cost of living are harmful to the stabilization of Israel’s economy, but demanded that increased costs be reflected in the price structure.
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