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Call The Jewish News
354-5959
Business Ties Are Vital
For Soviet Absorption
.
ROBERT A. SELTZER
Special to The Jewish News
M
ore than 500,000
new jobs and an
equal number of
homes are needed to absorb
the huge influx of new im-
migrants now arriving in
Israel.
Some 200,000 olim came to
Israel last year from the
Soviet Union, Ethiopia and
Eastern Europe and a million
more are expected to arrive in
the next three to five years.
Mathematically, that's as if
60 million people arrived in
the United States — homeless
and broke. Each family has a
dream that starts with a job
and a roof, probably in that
order.
The numbers are incom-
prehensible. Thus we tend to
develop an insensitivity to
the magnitude of Israel's task
— that of absorbing a 25 per-
cent increase in population.
Even the word "absorbing"
obscures the real issue. What
we are really discussing is
jobs — new jobs by the hun-
dreds of thousands.
The good news is there is
something local business peo-
ple can do other than just
talk.
The pace of economic
growth for Israel is the
critical factor in stimulating
500,000 hew jobs in the next
three years. Moshe Nissim,
Israel's Deputy Prime Minis-
ter and its Minister of In-
dustry and Trade, predicts the
need to double, even triple in-
vestment in the economy and
to raise business production
by 12 percent per annum.
"Israel must also achieve a
twofold increase in exports
over the next four years," Mr.
Nissim says. Although this is
no small task for any country,
for tiny Israel, it is not simp-
ly a task but an absoute-
necessity. _
Israel is doing its part in
this regard. Bold programs
are under way to induce
economic growth and to
create the appropriate
climate for investment. These
programs are founded upon
clear, consistent and reliable
government policies and offer
economic certainty, profitable
business opportunities and
the elimination of bureau-
cratic red-tape.
Robert A. Seltzer is Executive
Director of the Philadelphia
Israel Chamber of Commerce,
which works to build the
Israeli economy in a variety of
ways.
Today, Israel offers the
investor:
• Significant investment
benefits, risk participation
and tax relief with a minimal
amount of government
intervention.
• A growing country with
unsurpassed brainpower.
• Free Trade Agreements
with both the United States
and the European Economic
Community, thus serving as
the perfect bridgehead for the
overseas investor.
• A country whose exports
continue to grow rapidly.
• A country whose scien-
tists are unparalleled in the
international high-tech mar-
ketplace.
• The real likelihood for
structural changes in the
market and gradual revitali-
zation of the economy, leading
Israel to the forefrorit of the
world's developed nations.
Whether you are in whole-
sale, retail or manufacturing,
you must be asking yourself
the following questions:
• Can we buy certain pro-
ducts from Israel that we cur-
rently buy locally or from
other countries?
• Can we subcontract some
of what we manufacture so
that the products are made in
Israel?
• Can we open a factory in
Israel, receive significant
grants from the government
and use the country as a
bridge into the European
market — duty-free?
• Can we conduct research
and development in Israel,
receiving government grants?
• Can we make use of
Israeli engineers, scientists,
mathematicians or laborers?
• Is there a project we have
wanted to begin but delayed
due to lack of work force, fun-
ding or capability?
Now — especially now —
Israel is the answer.
Those who wish to get down
to business in Israel can ex-
plore such opportunities next
month with the Philadelphia
Israel Chamber of Commerce.
The chamber is sponsoring a
trip to Israel from May 6-9,
when the group will par-
ticipate in a major conference
in Haifa.
This conference represents
three days of networking in
the areas of real estate and
construction; tourism; elec-
tronics and high technology;
foods; textiles; chemicals; and
applying defense technology
to the civilian sector.
If you're associated with
these industries in any way,
participating in our local