THE DETROIT JEWISH NEWS
Friday, September 21, 1919 25
Patt Says Israeli-Egyptian
Economic Ties Grow Quickly
TORONTO (JTA) — Is-
rael Industry Minister Gi-
deon Patt disclosed Sunday
that commercial and indus-
trial_.relations between Is-
rael and Egypt are moving
forward "at a more rapid
pace than envisioned after
the signing of the Camp
David agreements," and
that "normalization" be-
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I
tween both countries is pro-
ceeding ahead of schedule.
He said that Israel and
Egypt "are now one, as far
as the well-being of the
Middle East is concerned,"
and that they have agreed
to enter into "joint interde-
pendent economic projects
in the Negev and Sinai
regions that will benefit
both countries."
Addressing more than
1,000 U.S. and Canadian
delegates to the 1979 Israel
Bond International Leader-
ship Conference meeting at
the Royal York Hotel, Patt
cited as examples ofthe type
of cooperation that will soon
be implemented the de-
velopment of housing, food
processing plants, sharing
of water supplies and other
interdependent industries
where goods and services
will be exchanged between
the areas of Sinai and the
Negev.
He said he had dis-
cussed the strengthening
of Israeli-Egyptian com-
mercial ties with
President Anwar Sadat
during his visit earlier
this month in Haifa
where the Egyptian
leader renewed his peace
talks with Premier
Menahem Begin.
"This naturally opens
new horizons for the Israeli
economy," Patt said.
The Israeli minister
stated that trust between
the two countries is defi-
nitely growing and that is
very important in the proc-
ess of normalization." He
cited as a sign of "normali-
zation" the fact that "there
are many Egyptian
businessmen already corn-
ing to Israel to place orders
for industrial and agricul-
tural products."
Patt noted that in "enter-
ing an era of great economic
cooperation with Egypt" a
"greater cooperation with
Africa" will also develop.
At the conclusion of their
four-day conference, the Is-
rael Bond leaders officially
launched the $1 billion
Economic Development for
Peace Loan which will help
in providing some of the
funds needed to transform
4,500 square miles of the
Negev desert region into
industrial and civilian com-
plexes.
In the lips of him that
hath discernment wisdom is
found; but a rod is for the
back of him that is void of
understanding.
Michael Klein
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