The executive committee of the Italy-Israeli chamber of Commerce said today it was planning several more regional meetings to bring together Italian and Israeli businessmen to stimulate more commercial exchanges.
The first meeting was held here this week with the participation of more than 30 leading Italian industrialists in textiles, fashions, food, paper mills, chemicals, steel, automobiles and publishing. Gad Elron, the Israeli commercial attache in Rome, supplied the Italian businessmen with information useful for Italian investments in Israeli industry.
Trade between Israel and Italy has been expanding steadily during the past two years, the Italy-Israeli Chamber of Commerce reported today. Italian imports from Israel have jumped nearly 100 percent, from 2,259,000,000 lire (about $3,765,000) in 1958 to 4,427,000,000 (about $7,400,000) in 1959. Italian exports to Israel in the same period went up around 70 percent, from 4,835,000,000 lire (about $8,000,000) to 8,081,000,000 lire (about $13,500,000).
The bulk of Italian imports from Israel are corn, eggs, fertilizers, chemical and industrial products. Israeli imports from Italy are mainly textiles, machinery, auto-mobiles and other motor vehicles. The Chamber reported that economic experts believe that further gains in commercial exchanges are possible.
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