An administrative body, headed by a professional figure and reporting to the Government Companies Authority, will be responsible for coordinating the different agencies involved in this plan. A special team should look into the legal aspects of the plan and prepare the necessary legislation. Amending the Restrictive Business Practices Law. Due to the potential consequences of the plan for the stock market, certain parameters should be re-examined immediately prior to the implementation of the plan. Conclusion Israel is committed to strengthening and expanding the private sector's role in the economy.
Privatization is but one aspect of the structural reforms occurring in the economy.
There can be no doubt that expanding the business sector goes hand in hand with increased competition. Similarly, increased competition is linked to opening the domestic market to foreign companies and their products. Trade liberalization is integral to increased integration in the global economy. Therefore, privatization is a fundamental instrument in the structural reforms that Israel is undergoing.