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We are The
People Of The Book.
cc
The Jewish Community t 'cmier
it( Metrorotnan Dutton
Join us at our 45th Annual Book Fairs
November 9-17, 1996
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LLJ
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CD
L.11
72
IMPORTANT NOTE: In the Book Fair schedule ad which ran in the previous
issue of the Jewish News, it stated that Neil Simon will be speaking at 8 a.m.
on Saturday, Nov. 9. This was a misprint: Neil Simon will speak at 8 p.m.
on Saturday, Nov. 9. Please make a note of this time.
JCC West Bloomfield • 6600 W. Maple Rd. • (810) 661-1000
JCC Oak Park • 15110 W. 10 Mile Rd. • (810) 967-4030
Look for a complete JCC Book Fair brochure in the November 1 issue of the Jewish News!
Taiwan-Israel
Trade Forecast
Jerusalem — Trade with Taiwan
is expected to pass the $450 mil-
lion mark for the first time this
year, according to predictions
from Taipei's representatives in
Tel Aviv.
With a delegation from the
Taiwanese China Development
Corporation now here, represen-
tatives of the two countries said
they are confident the rapid ex-
pansion in bilateral trade over
the last three years will contin-
ue.
The delegation is looking for
possible joint-venture opportu-
nities in investments and re-
search and development.
In addition to direct trade, Tai-
wan purchases an estimated
$300 million worth of Israeli di-
amonds a year from Hong Kong,
according to its senior represen-
tative in Israel, Chen-hung
Chung.
The main interest of Tai-
wanese businessmen is develop-
ing Israeli technological ideas
back in the Far East.
Mideast
Common Market
Jerusalem (JPFS) — As Israel-
U.S. partnership could help cre-
ate a Middle East common
market, Israel Electric Corpora-
tion chairman Gad Ya'acobi told
delegates at the Israel-North
America Business Conference in
New York.
In his address to U.S., Euro-
pean and Israeli officials and
businessmen, Mr. Ya'acobi pre-
sented four regional energy pro-
jects either already being
implemented or under discussion
• Connecting the electricity
grids of Jordan, the PA, Israel
and Egypt. Grids have already
been constructed between Eilat
and Aqaba.
• A canal linking the Red Sea
and Dead Sea, in which the Jor-
danians are very interested.
• A resultant hydro-electric
power station to produce 400
megawatts of electricity for Israel
and Jordan. A feasibility study is
about to start.
• The development of an oil-
shale plant (Israel's only proven
fossil fuel resource) is about to be-
gin. Mid-Atlantic, the American
consortium created specifically
for this project, won the franchise
from IEC to produce 150
megawatts of electricity at a pre-
determined sale price. Israel is
now offering to cooperate with
Jordan in building further such
plants in both countries.
These projects and others
involving solar and wind power
could also be implemented in
the region, according to Mr.
Ya'acobi.
Mr. Ya'acobi and other Israeli
speakers are hoping to use the
conference to raise some $50 bil-
lion for public and private sector
projects here over the next 10
years.
Lockheed Bid
Put On Hold
Jerusalem — The government of
Prime Minister Binyamin Ne-
tanyahu will have to decide with-
in the next few weeks whether to
proceed with offers from major
international defense contractors
to buy TAAS's heavy munitions
division, defense sources said.
"There must be a decision
made soon," a defense source who
is dealing with the issue said.
"You can't keep these people wait-
ing forever."
Six companies have expressed
interest in buying TAAS's heavy
munitions division, the most prof-
itable of the government compa-
ny's businesses.
Lockheed Martin, the giant
U.S. contractor, is regarded as be-
ing the most serious of the bunch.
The Defense Ministry, howev-
er, is opposed to the sale of the
heavy munitions division. De-
fense Ministry adviser Yisrael
Tal, a reserve major-general, for-
mer head of the armored corps
and inspiration behind the
Merkava tank, said any purchase
of TAAS will lead to outsiders
knowing Israel's valuable mili-
tary secrets.
TAAS executives said the Fi-,–
nance Ministry gave the compa-
ny the go-ahead 18 months ago
to draft a plan to welcome inter-
national partners for TAAS,
which netted sales of $460 mil-
lion in 1995.
Within three months, TAAS
submitted a plan and soon inter-
est was expressed by major con-
tractors. They included British
Aerospace and the American firrn ci,
Olin, as well as several European
companies.
In April, Lockheed Martin pre-
sented an offer to buy at least 40
percent of the heavy munitions
division of Ramat Hasharon-
based TAAS.
Since then, Lockheed has been
waiting for TAAS to reply with fi-
nancial documents that would de-
tail the operations of its division. (
Last month, TAAS submitted
to the Defense Ministry a finan-
cial plan and forecast, meant to
be relayed to Lockheed."We took
into account that certain secrets
would be leaked out with this
plan and asked the Defense Min-
istry to define the limits," a TAAS
source said. "We are still waiting
for them."
Industry sources said Lock-
heed Martin executives have as-
sured the government they are
willing to agree to what they call
any reasonable arrangement to
maintain defense secrets.