1998 LAND ROVER DISCOVERY LE starting at '35,125 Free Trade Will Not Affect Textiles Jerusalem (JPFS) — Israel's textile industry has no reason to fear implementation of the Israel-Turkey free trade agreement, according to Turkey's Deputy Undersecretary of Foreign Trade, Reyhan Atmaca. The agreement calls for the lifting of all tariffs on textile imports between the two countries by the year 2000. Israeli textile manufacturers have been nervous about the agreement, believing that if the local market is flooded by Turkish textiles, it could finish off the already ailing industry. Trade between Israel and Turkey amounted to $400 million in 1997, which Atmaca expects to increase to $600 million in 1998, and to $2-3 billion within a short time. With Israel's special economic relationship with North America, and Turkey's strategic and economic alliances with the central Asian republics, Atmaca sees Israel and Turkey forming an economic bridge in the Mediterranean basin. "We are like the first and last hook of the same chain," she said. Trade Surplus Soars With U.S. Jerusalem (JPFS) — Israel's trade surplus with the United States sky- rocketed by $1.4 billion to $1.8 bil- lion in 1997, with exports rising 14 percent and imports dropping 9 per- cent, the Central Bureau of Statistics said. Exports to Southeast Asia dropped by 26 percent in the last quarter of 1997, compared with the quarterly average during the rest of the year, the bureau said. Diamond exports dropped 36 per- cent. Israel had a trade surplus of $1 billion. About one-third of Israel's exports are to the U.S., and in 1997 exports, including diamonds, grew by $900 million, mostly in chemicals, phar- maceuticals and electronics. Imports from the U.S. dropped mostly in equipment and machinery, cars and optic devices. The growth in the trade surplus with the U.S. accounted for half of the improvement in Israel's trade deficit in 1997. k‘a „ -ck a VAAR041 FARMINGTON HILLS 38200 Grand River Just East of Haggerty (248) 474-9900 • The Largest Land Rover Centre in Michigan • Full Service Department — On Site Test Track • IT'S A CASUAL, RELAXED ADVENTURE! • Also Featuring Pre-Owned Land Rovers And Other 4x4s • Free Service Pickup & Delivery By Appointment • Free Service Loaner By Appointment b -,4, f 3-:71 'N" ) Plenty. Because now for the price of a postage stamp you can get some of the best CD rates around. Ws the Michigan I leritage Rank Cl) by Mail. Just call for an application and drop it in the mail with a check. Simple. it could he the best 32 cents you'll ever invest. 3.75% 1 U110. Minimum $500 Accantit* Minimum $5,000 •Unlimited Checking! The Michigan Ilerilage Bank CD h) hail Stop in or call for an application today. 1-800-91-4-3524 21211 Haggerty Road at 8 Mile. Next to the Novi Hilton. TRW E71:2 MICHIGAN HERITAGE o LENDER FDIC Insured 89 Annual Percentage Yield is effective as of Jan. 29.1998. Penalty for early A ithdrawal. Business or brokered accounts not eligible. 2/6 1998 129