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Israel’s Export Target for 1962 is $500,000,000, Minister Announces

March 7, 1962
See Original Daily Bulletin From This Date

Israel’s export target for 1962 is the sale abroad of $300,000,000 worth of “visible exports,” and $500,000,000 from all exports. Minister of Commerce and Industry Finhas Sapir declared here today. He made this optimistic statement at ceremonies honoring several of Israel’s foremost exporters with special certificates of “approved exporter.”

Emphasising that Israel’s economy could operate effectively under the new exchange rate of three Israeli pounds per dollar, Mr. Sapir declared “we can meet the export test.” Much, he added, will depend on organizing production more efficiently, gaining confidence and raising Israeli productivity. The exporters who received certificates were congratulated by President Izhak Ben-Zvi, who expressed the hope that they will achieve still greater heights in the coming years.

Fifty-one Israeli firms, last year, exported goods valued at $1,000,000 or more each, accounting for more than 50 percent of the country’s overseas sales, Mr. Sapir disclosed. A total of 150 other firms piled up exports of $100,000 or more each, totaling among them 30 percent additional of the country’s aggregate exports.

Among the 1961 exporters who sold a million dollars worth or more each were the Citrus Marketing Board, with sales totaling over $40,000,000; the diamond industries, Israel Mining Industries, Alliance Tires, Samson Tire and Rubber, Ata Textiles, Nesher Cement Works, the Rogosin Industries, and the Kaiser Illin Industries.

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