The president of the Swiss-Israel Chamber of Commerce said the Arab boycott was not responsible for the decline of Swiss exports to Israel last year. According to Jean Jacque Brunshweig the reason seems to be the unattractive climate for investment in Israel.
Brunshweig delivered his report at the annual general assembly of the Chamber of Commerce in Zurich last week. He noted that Swiss exports to Israel in 1980 totalled 160 million Swiss Francs compared to 195 million in 1979. Imports into Switzerland from Israel increased to 209.5 million Francs in 1980 from 196.7 million in 1979.
Brunshweig expressed regret over the noticeable reluctance of Swiss manufacturers to display their goods at international trade fairs and exhibitions in Israel.
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