A review of the economic problems being created for Israel by the new immigration wave from Eastern Europe was presented here today by Pinchas Saphir, Israel’s Minister of Trade and Industry. At the same time, Mr. Saphir pointed out that Israel had scored a major economic victory last year when it had managed to cut its imports to $76 per person from the 1957 figure of $89.
Discussing Anglo-Israel trade relations at a press conference, Mr. Saphir said they were “satisfactory, cordial and mutually profitable.” He added that Israel’s purchase of the Haifa oil refineries and oil installations from British companies had cleared up the last economic difference between the two countries.
Earlier in the day, Mr. Saphir called on Sir David Eccles, president of the Board of Trade, with whom he discussed trade relations between the two countries. He was accompanied to the 40-minute session by Israel Ambassador Eliahu Elath.
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