Great Rate

Israel, China
Getting Friendly

Trade ties between Israel and
China are expected to deepen as
diplomatic relations continue to
develop, business leaders from
both nations said.
Li Shifang, economic and com-
mercial counselor at the Chinese
Embassy, sounded an upbeat
note at a Tel Aviv seminar titled
"Penetrating the Chinese Mar-
ket - Step by Step" hosted by
The Jerusalem Post.
He cited the recent signing of
taxation agreements and the fre-
quent visits by trade delegations
and government ministers be-
tween the two nations.
He pointed to Israel's abilities
in the energy, agriculture and
telecommunications fields, areas
in which China needs help.
He said trade between Israel

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June 3

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ECI Telecom

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'16.68

June 10
'17.00

NASDAQ

'17.88

'18.25

+s0.38

Teva Pharm

NASDAQ

'24.50

'25.19

+$0.69

I EC

PEC Israel

NYSE

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'28.13

+51.38

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NYSE

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LANTF

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5

7.88

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I SL

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'14.00

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LEADING ISRAELI STOCKS
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$38,000 conditional on Gotco's
compliance with the Export Ad-
ministration Act. Failure to do so
within three years would cause
that amount of the fine to be re-
imposed.
The department alleged that
the company violated U.S. anti-
boycott laws 19 times, including
10 instances of refusing to do
business with firms on the Arab
League blacklist.
At the time, between 1988 and
1992, Gotco was involved with
the Syrian Petroleum Co.

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-

Texas Manufacturer
Is Fined By The U.S.

Washington (JTA) - The U.S.
Commerce Department has im-
posed a $78,000 civil penalty
against Gotco International, a
Texas-based oil tool manufac-
turer, for allegedly complying
with the Arab boycott against Is-
rael.
The company agreed to pay the
fine - $38,000 of which was sus-
pended by the Commerce De-
partment - while neither
denying nor admitting the al-
leged violations.
Commerce suspended the

W ith an interest rate this great, don't

and China was $152 million last
year, evenly spilt between both
countries and triple the level
achieved in 1992, the first year of
relations between Jerusalem and
Beijing.
The Post recently embarked on
a series of Chinese language pub-
lications for distribution in China.
Israel-China Business Oppor-
tunities and Israel-China Agri-
culture Today were published in
April and are scheduled to come
out again in the summer. Moth-
er magazine scheduled for publi-
cation in August is Israel China
Communications.
The purpose of the magazines
is to expose, explore and explain
recent Israeli-Chinese commer-
cial developments and the emerg-
ing Chinese-Israeli market.

+$0.323

Source: Allen Oknder, Prudential Securities,
West Bloomfield.

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