THE DETROIT JEWISH NEWS

24 Friday, September 1, 1918

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Israeli Connection Advocated
for U.S. Business and Industry

By ELMER L.
WINTER

FOX & ASSOCIATES

Committee for Economic
Growth of Israel

23777 Greenfield, Suite 277
Southfield, Mich. 48075
1-313-559-9600 Mr. Elias

YOUNG ISRAEL OF SOUTHFIELD

is pleased to announce
That Seats Are Available For

HIGH HOLIDAY SERVICES

IN THE

NEW SYNAGOGUE BUILDING

27705 Lahser Rd. (betw. 10 & 11 Mile Rds.)

Call Office 358-0154

Mon.-Fri. 9:30-11:30 A.M.
Sunday 9:00-11:00 A.M.
Wednesday 8:00-9:30 P.M.

An increasing number of
American executives are
giving serious thought to
making the "Israel business
connection." They see Israel
as the gateway to Europe,
the Mideast and Africa.
More than 150 American
companies are presently
operating in Israel. They
find that they can make a
high return on their in-
vestment.
Israel is actively seeking
and encouraging American
investment. The business
climate for new ventures is
encouraging. There is a
commitment to less gov-
ernment in business and a
chance for the free
enterprise system to ex-
pand. Efforts are being
made to overhaul and
streamline the investment
process.
The Israel government
encourages development
of projects which will re-
sult in exports or which
will provide import sub-
stitution. It also
encourages development
of science-based indus-
tries by providing desig-
nated projects with di-
rect financial benefits,
research support, and
aid in establishing indus-
trial parks.

LORD:
ME
as &LADS

Clothiers Ltd.

Men's and Boys'

20% OFF

•
•
•
•

Suits
Sportcoats
Outerwear
Neckwear

Energy Courses
at ORT Schools

• Slacks
• Jeans
• Shirts
• Sweaters

LORDS & LADS
4341 Orchard Lake Road
West Bloomfield, Michigan
(in Pine Lake Mall)

Mon., Thurs., Fri. 10-9
Tues., Wed., Sat. 10-6

Israel provides a very lib-
eral system of investment
incentives and tax rebates.
Companies operating in Is-
rael can get cash loans and
grants up to 70 percent from
the Israeli government
when a substantial part of
their products go into ex-
port.
are
investors
U.S.
allowed to use Israel Bond
with certain maturities as a
source for a local invest-
ment and to account those
bonds at full value. There
are no limitations as to the
amount of such invest-
ments.
Having a plant in Israel
offers unique opportunities
to American companies to
sell to European buyers. Is-
rael's free trade agreement
with the European Eco-
nomic Community has
abolished tariffs on indus-
trial goods shipped from Is-
rael to nine European
Common Market countries.
This means a duty-free
competitive edge in a giant
260 million people market
for products made in Israel.
On Jan. 1, 1976, Israel
became eligible to sell
more than 2,700
categories of goods to the
United States, duty free,
under the U.S.
Generalized System of
Preferences. This pro-
vides an opportunity for
American companies to
manufacture products in
Israel to be shipped to the
United'States duty free.
Israel's total population
was 3.65 million at the end
of 1977. The labor force,
about 1.2 million, has a high
percentage of technically
and academically trained
people. The literacy rate is
over 90 percent.
Wages are approximately
half the U.S. scale and Is-
rael's labor cost per unit of
industrial output is steadily
decreasing in comparison to
those of the world's six
largest industrial nations.
Most Israeli engineers and
technicians are familiar
with the state of the art of
American technology.
Many have had advanced
training in the United
States.
Israel recently passed a
law which allows American
companies, operating
industrial plants in Israel,
to offset the cost of devalua-

All Major

Credit Cards
Honored

NEW YORK — Energy
conservation classes lead-
ing to a certificate of techni-
cian specialist in the field
will be offered by the ORT-
Israel network beginning
with the 1978-79 school
year.
The 90-hour program will
be open initially to electri-
cal engineering students at
the Syngalowski Center in
Tel Aviv, then integrated
into electricity and
engineering departments in
other schools. Plans are to
develop a full-time, two-
year curriculum which will
lead to the degree of energy
conservation engineer.

tion against their Israeli
profits. There is no other
country that has devised a
system of this type offering
these advantages.
Other ways American
firms can help the Israeli
economy is by importing
Israeli products, export-
ing their own products to
Israel, subcontract the
manufacture of products
in Israel, license U.S.
know-how to an Israeli
manufacturer or pur-
chase Israeli know-how
and conduct research
and development proj-
ects in Israel.
The Committee for the
Economic Growth of Israel
can supply companies with
information about Israeli
incentives and other assis-
tance. For information,
write CEGI, 5301 N. Iron-
wood Rd., PO Box 2053,
Milwaukee, Wisc. 53201.

Peace Talks

Moshe Dayan: "Israel
will bring the Israeli gov-
ernment peace plan and
Egypt will bring her peace
plan and we shall discuss
them.

"It is clear to us today
from the talks with
President Sadat that took
place in Vienna that Egypt
does not want a seperate
peace with Israel. And if
they want a discussion on a
declaration of principles, I
shall oppose that."

o r

MANNY CHUDNOWS

BETTER BUSINESS

VeCr

EQUIPMENT CO.

1/4,

6
DESIS -- 517

nits

21.51

USN REGISTER —71.38

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ANY USED
RENTALS • LEASES
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• TRADE-INS
WE IDUY USED RJRAUTURE

L2548-6401
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231 W. 9-8/41e IId..

Congregation Beth Achim

is pleased to announce
that it will conduct auxiliary

High Holiday Services

For non-members

in its Social Hall and in the La Ned Auditorium
of the United Hebrew School's Rohlik Bldg.

Tickets are available at

21100 W. 12 Mile Rd.

for further information or inquiries concerning
membership and seating call the synagogue office

332-8870

TEMPLE KOL AMI

5085 Walnut Lake Road
West Bloomfield
661-0040

TEMPLE KOL AMI A SMALL
LIBERAL REFORM CONGREGATION
INVITES YOU TO ATTEND A

SPECIAL SHABBAT SERVICE

FRIDAY, SEPT. 8 AT 8:30 P.M.

This Membership Service Will Be Fol-
lowed By An Informal Discussion To Ac-
quaint You With Our Temple & Religious
School. An Oneg Shabbat Will Follow

Religious School Registration Will Take
Place At Temple On Sunday Sept. 10th
From 10 A.M. - 2 P.M. With Classes Be-
ginning Sunday Sept. 17th.

JERRY BROIDA

557-4823

Membership Chairman