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CANDY.
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EATEN
(and fattening too)

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Independence Day next year.
Until now, immigrants only were
allowed to hold property abroad and
foreign currency accounts on a tax-
free basis for 30 years, while returning
Israelis were given 10 years.
In recent months, a variety of other
measures were announced, including:
Israeli residents being permitted to
purchase foreign currency with local
currency and deposit it in foreign-cur ,.
rency accounts in Israeli banks; resi-
dents being permitted to transfer
money between foreign-currency
accounts (from one unrestricted for-
eign-currency account to another); the
lifting of all restrictions on investment
in foreign securities by mutual funds;
and non-residents being permitted to
convert local currency deposited with
the Bank of Israel into foreign curren-
cy, even if it does not originate from a
foreign-currency source.

.

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Orange Issue
For EU, Israel

DETROIT JEWISH NEWS

ITN

z

Jerusalem (JPFS) — The European
Union is demanding that Israel prove
that it is no longer exporting Brazilian
orange juice under an Israeli label to
the EU.
The issue was first raised four years
ago, a European Commission source
said.

Foreign and
domestic juice.

-----

-------

Z Y Z Y X

ZYZYX (zi •zix), n. 1. a totally unique store.

On The Boardwalk

In West Bloomfield

The EU charges that since 1993,
Israel has been mixing Brazilian with
Israeli oranges and exporting the juice
to Europe, exploiting its favorable
trade status, a Commission official
said. He said that the South American
fruit does not qualify for trade privi-
leges.
A Commission source said that
Israel hasn't come through with
requested proof that it has stopped
mixing the Israeli and Brazilian
oranges.
Both sides have been trying to keel,–
the issue out of the limelight, in the
hope that the matter could be amica-
bly resolved. However Israel's alleged
refusal to cooperate has met with con-
siderable dissatisfaction in Brussels. C-=',
The Israel Foreign Ministry main-
tains the issue is no longer relevant,
since a new trade agreement was

ORANGE

10/24
1997

142

Opening in October

on page 144