The Tel Aviv Trade Fair -- Israel's major showcase in her drive for exports -- opened on Monday (25 May).
The Tel Aviv Trade Fair -- Israel's major showcase in her drive for exports -- opened on Monday (25 May). Represented at the Fair were Israel's main trading partners with official exhibits from 25 countries.
President Shazar opened the two-week long Fair which featured a wide range of industrial and agricultural products. Since the Six-day war Israeli imports have increased by more that 50 per cent and the Fair's organisers described the display of overseas interest as a demonstration of confidence in the Israeli economy. Apart from the 25 official foreign exhibits there were five private exhibits representing their countries. 30 States in Asia and Africa contributed to a "Development and Progress" display.
Hundreds of Israeli firms have stands at the Fair and despite the continuing strains on the economy caused by the Middle-East crisis, Israeli exports have been increasing. However, the country still has a serious balance of payments problem, and exporters are seeking to expand outlets for the country's agricultural products and the growing amount of industrial and other exports.
Because of the labour shortage in Israel manufacturers are increasingly turning to technology-based exports with a low labour content. Israeli heavy machinery is being offered at the fair. Sophisticated electrical equipment from Israel is also on display to attract foreign buyers.
Agricultural products, particularly citrus fruits, remain the staple of the export drive. Industrial products to develop the economy flow into the country and the products of Israeli farms and Kibbutzim leave for the market of the world.
Last held in 1968 when it attracted 400.000 visitors -- many of them from overseas -- Tel Aviv Fair is expected to become an annual showcase for the importers and exporters of Israel.