Gerdau entered the business in 1948, after earlier trying manufacturing ventures in areas like furniture.

The Soviets, however, eventually want a joint manufacturing venture, which would cost at least several hundred million dollars.

By 1970, the first manufacturing venture was underway.

The electronics industry has been pushing for legislation to extend that protection to joint manufacturing ventures.

The authority's biggest manufacturing venture, a Gaza industrial park with its own Israeli customs post, is another subsidiary.

Other joint manufacturing ventures with major multinationals followed.

It will employ up to a thousand Palestinians, and eventually more, in several small-scale manufacturing ventures.

Philip Morris, the company that is underwriting the $950,000 cost of the exhibition, has a joint manufacturing venture in Turkey.

And in East Fishkill alone, where the proposed joint manufacturing venture would be located, the work force has been reduced to 5,200 from 9,200.

The Italians hope to encourage more Hungarian trade and possibly joint manufacturing ventures.