Israel-Turkish trade received a new boost today when the Turkish Government granted licences for the importation of goods worth $1,500,000 from Israel. The products to be bought include Israeli cement, plastics, glass, electrical appliances, cars, automotive spare parts, chemicals and drugs. Since the balance of trade remains in Israel’s favor, Israeli merchants must buy more Turkish goods if trade between the two countries is to continue. The basic problem, however, is that prices of Turkish goods which Israel needs are Higher than world prices.
Meanwhile, two Israeli firms have invested capital and established new enterprises in this country in cooperation with local industry. The Turkish-Israeli Construction Corporation, which has a number of construction contracts here, has established with Turkish partners three local firms to manufacture building materials. The company will bring $250,000 worth of equipment and machinery from Israel and will supply a capital of about 1,000,000 liras (currently worth $115,000).
The Turkish Israeli Poultry Corporation, with an initial capital of 500,000 liras and an expected total capitalization of 3,000,000 liras, has been organized here to raise poultry at a new “poultry town” at Camlica, on the outskirts of Istanbul. Next month 40,000 chickens will be air-lifted from Israel to Turkey and will become the nucleus of an industry which is expected to produce 5,000 chickens daily. It is planned to be the largest poultry producing center in the Balkans and the Middle East.
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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.
