Industry Minister Cohen to Visit Russia
(Communicated by Industry and Trade Ministry Spokesman)

Jerusalem, January 24, 2000

Minister of Industry and Trade Ran Cohen will tomorrow (Tuesday) 25.1.2000, leave for Russia to attend a meeting of the Israel-Russian Joint Economics Committee in Moscow.

The heads of the Committee are Minister of Industry and Trade Cohen and Interior Minister Natan Sharansky for Israel, and Science Minister Kirpichnikov for Russia.

Cohen will lead a delegation of 40 Israeli industrialists in the agriculture, infrastructure, health, telecommunications and diamonds sectors. The minister plans at the meeting to expand Israel’s economic representation at the regional level in Russia, using local representatives, in order to increase trade. Upon departure, Minister Cohen said that he hopes to reach understandings on trade in order to help Israeli industrialists realize the potential of the huge Russian market.

Trade with Russia in 1999 reached $407 million: $302 million imports and $105 million in exports. Exports to Russia are comprised of telecommunications equipment (28%), food products (20%), chemical products (12%) and plastics (5%). Imports consisted of raw diamonds (74%), food (11%) and metals (5%).