BUSINESS
Donald R. Blitz, M.D., P.C.
Robin Alan Blumer, M.D.
Israel, Soviets Near
Economic Agreement
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srael and the Soviet
Union are negotiating an
agreement providing for
economic 'cooperation bet-
ween the two countries, joint
ventures and a steep increase
in trade, according to trade
representatives of the two
countries.
The heads of the two trade
delegations recently signed
the draft of a general
framework on economic
cooperation. The final agree-
ment could be signed as ear-
ly as Thursday.
Meanwhile, the Soviet
delegation has accepted an in-
vitation to pursue further
talks in Israel.
The trade negotiations in
Paris come on the heels of a
Soviet invitation for Israeli
Finance Minister Shimon
Peres to visit Moscow for
economic and political talks.
That invitation was extend-
ed to Peres in New York last
week by Genrikh Borovikh,
president of the Soviet Peace
Committee and a member of
the Permanent Committee on
Foreign Relations of the
Supreme Soviet.
Borovikh led a Soviet trade
delegation to the United
States, whose members met
with Peres for an hour on
Sept. 21. The meeting,
something of a coup for Israel,
was arranged by Nessim
Gaon, Swiss 'businessman
and president of the World
Sephardi Federation, who
sponsored the visit of the
Soviet delegation to the
United States.
Increasing Soviet-Israeli
contacts on economic coopera-
tion are being seen as a sign
of warming ties between the
two countries. But diplomatic
sources say the improvement
in ties will stop short of a
restoration of full diplomatic
relations until there is a
breakthrough in the M_ iddle
East imbroglio.
Nevertheless, Soviet
business leaders reportedly
have already arranged trade
with Israeli industry through
European intermediaries.
The draft agreement sket-
ched out in Paris is the first
of its kind since the Soviet
Union broke off diplomatic
relations with Israel follow-
ing the 1967 Six-Day War.
The agreement might also
provide for the creation of an
Israeli-Soviet Chamber of
Commerce, with branches in
Moscow and Tel Aviv.
That idea was discussed
last year when Danny Giller-
man, president of the Federa-
tion of Israeli Chambers of
Commerce, visited Len-
ingrad. He visited Moscow
two months ago.
Gillerman met in Paris
with Vladimir Golario, vice
president of the Soviet
Federation of Chambers of
Commerce. The negotiations
also were attended by the
Israeli Foreign Ministry's
deputy director in charge of
economic affairs, Yakov
Cohen. The talks were due to
Increasing Soviet-
Israeli contacts on
economic
cooperation are
being seen as a
sign of warming
ties between the
two countries.
continue Wednesday and
Thursday.
Gillerman, a prominent
Israeli businessman who has
taken part in many interna-
tional economic seminars and
trade talks, said in an inter-
view that he was optimistic
that the agreement would be
finalized and signed Thurs-
day, when the meetings
conclude.
He warned, however, that
more talks might be
necessary, and said the next
round might be held in Tel
Aviv in one or two months.
The Soviet-Israeli agree-
ment particularly stresses
ocooperation in agriculture,
pharmaceutical production
and technology, industrial
know-how, citrus fruits,
barter agreements and joint
ventures.
❑
Jewish Telegraphic Agency
Charitable Giving
Seminar Wednesday
A seminar on "Section 2036
(c): An Update and Recent
Developments in Charitable
Giving" will be hosted by the
Professional Advisory Com-
mittee of the Federated En-
dowment Fund on Wednesday
at Knollwood Country Club.
Scheduled from 4-6 p.m., a
panel discussion will be
moderated by attorney Ar-
thur A. Weiss, chairman of
the Professional Advisory
Committee.
There is a charge, and reser-
vations are required. A recep-
tion will follow the seminar.
For information, contact the
Federated Endowment Fund
of United Jewish Charities,
965-3939.
.