Word: buying
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Dates: during 1970-1979
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...Begin arrived for breakfast, and Carter offered him Vance's proposals, which were not very different from those that Dayan had been urging the Israeli Cabinet to accept. The main points: ? Israel will drop its demand for preferential rights to buy guaranteed quantities of Egyptian oil if Cairo will sell oil to Jerusalem on nondiscriminatory commercial terms. The U.S. will extend to 15 years the five-year commitment that it made in 1975 to guarantee Israel's supply of oil if that country is unable to meet its needs on the world market. ?Egypt will drop its demand...
...third treaty commitment involving a possible cost to the U.S. was the American guarantee that it would provide oil from its own resources if Israel cannot buy its normal oil supplies on the world market. Of greater concern in Congress than the cost, if any, is the likely adverse public reaction to sending oil to Israel if there are shortages within the U.S. The Administration argues, however, that any Israeli oil deficiency would be an insignificant portion of U.S. supplies...
Perhaps the biggest question is whether Carter can resist the requests from both Egypt and Israel for aid beyond the amounts involved in supporting the treaty. The defense ministers of both nations arrived in Washington last week to present their shopping lists. Egypt is seeking help to buy 600 M-60 tanks, 300 F-16 fighter aircraft, 70 transport planes, and up to eight destroyers or submarines. In nonmilitary aid, Egypt wants funds for housing, agricultural production and a new telephone system. In arms alone, Israel wants various tanks, naval guns, missile systems and armored personnel carriers...
...Israeli forces have moved behind the El Arish-Ras Muhammad line, both countries will exchange ambassadors and establish normal diplomatic relations. Egypt will end its economic boycott of Israel and grant Israeli ships and cargoes the right of passage through the Suez Canal. Israel will be permitted to buy oil from the Sinai fields that will be returned to Egypt. If Israel runs short of oil during the next 15 years, the U.S. has promised to make up the difference. Egypt and Israel will open their borders to each other's citizens and will eventually sign agreements on other...
There are even more tangible benefits for America. For every $1 that the U.S. contributes to international financial institutions that give aid, the recipients spend $2 to buy goods and services in the U.S. For every $1 paid by the U.S. into the World Bank alone, $9.50 flows into the nation's economy in the form of procurement contracts, operations expenditures and interest payments to investors in the bank's bonds...