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November 29, 1991 - Image 52

Resource type:
Text
Publication:
The Detroit Jewish News, 1991-11-29

Disclaimer: Computer generated plain text may have errors. Read more about this.

I

CONTEMPORARY

Better Business Climate
Set For Israel Investors

• furniture
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1'N

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Current Fashions Sizes 2-14

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BUY—SELL—TRADE

52

FRIDAY, NOVEMBER 29, 1991

288-5444

Breast

self-examination —
LEARN. Call us.

c i'AMERICAN
SOC.IETY
a4NCER•

Los Angeles (JTA) —
Prime Minister Yitzhak
Shamir promised American
corporate investors a new
business-friendly climate in
Israel as he wound up his
four-day Los Angeles visit
with a pep talk to 200 Israeli
and California industry
leaders.
Urging U.S. industrialists
"to shake off outdated im-
pressions and stereotypes,"
Mr. Shamir declared that
the Israeli economy is at the
cutting edge of world
technology, fueled by a
highly skilled labor force,
and is "opening itself up to
international trade and
competition to a truly extra-
ordinary extent."
His government is "firmly
committed to streamlining
the bureaucracy," Mr.
Shamir stressed, and is aim-
ing "to reduce inflation and
abolish all remaining
exchange controls."
The prime minister, who
had declared repeatedly that
the main purpose of his 10-
day visit to the United
States was to drum up busi-
ness for the Jewish state,
capped a half-day seminar
bringing together 16 top
Israeli industrialists and
close to 200 of their West
Coast counterparts.
The Israeli delegation was
led by Dov Lautman, presi-
dent of the Israel Manufac-
turers' Association. Others
at the conference included
Uzia Galil of Elron Elec-
tronics, Mordechai Hod of
Israel Aircraft Industries,
Eli Hurvitz of Teva Phar-
maceutical, Dan Propper of
Osem, Gil Weiser of Digital
Equipment and Giora Yaron
of National Semiconductor.
One observer estimated
that the companies repre-
sented at the meeting ac-
counted for 50 percent of all
Israeli exports.
The caliber of the Israeli
delegation was appreciated
by Amos Freedy, president
of Perceptronics in Los
Angeles, who found it
"invigorating to see suc-
cessful businessmen rather
than government officials"
representing Israel.
"There is a clear vision of
what's needed at the top, but
the key will be whether this
vision will be propagated to
middle management in
Israel," Mr. Freedy said.
One of Israel's main sell-
ing points, said Mr. Laut-
man, is that it is the only
country that has free-trade
agreements with both the
United States and the Euro-

pean Economic Community.
"Israel can serve as a
bridge between American
manufacturers and Europe,"
he said.
Ronald Perlman, executive
vice president of Intel Inter-
national, said that the at-
titude toward Israel was
shifting from making chari-
table donations to a more
businesslike approach.
"Donation is a crutch, in-
vestment is a cure," he said.
Doing business with Israel
still has its problems, accor-
ding to Mr. Perlman, in-
cluding the tendency by the
Israeli side to dot every "i"
and cross every "t" again
and again in negotiating
contracts and agreements.
But with Israel's urgent
need to create 300,000 new
jobs for immigrants, he
hoped that this and other
problems would ease.
Coinciding with the forum,
Governor Pete Wilson of
California told Mr. Shamir
in a private meeting that he
was establishing a Califor-
nia-Israel task force to
facilitate trade and in-
vestment.
Although clumps of U.S.
and Israeli businessmen
huddled throughout the
afternoon, the main purpose
of the seminar was not to
strike deals but to "create an
appetite for exploring future
cooperation," said Avi
Elkind, the Israeli consul.
Mr. Elkind, who organized
the meeting, noted that
trade between the U.S. and
Israel totalled $6.2 billion in
1990 and that Israel ranks
21st among U.S. trading
partners.

Neo-Nazis
Make Attack

Bonn (JTA) — Neo-Nazi
youths swinging baseball
bats attacked passengers at
the Konigs Wusterhausen
railway station in Potsdam,
near Berlin, injuring nine
persons, two of whom were
hospitalized.
The gang, numbering
about 25, was said to have
come directly from a Nazi
meeting in the nearby town
of Halbe.
The meeting drew about
650 people, many of them
from extreme right-wing
groups espousing Nazi ideas.
They were members of the
Viking Youth and the Ger-
man Cultural Association,
militant organizations that
aspire to cultivate a "pure"
German society.

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