Hungary Cancels Trade Pact with Israel; Negotiations for New Agreement Expected

The first trade agreement to be signed between another country and Israel has been denounced by Hungary, officials of the Ministry of Trade and Supply disclosed today.

The explanation forwarded, officials added, was that the Budapest Government wished to introduce certain changes in the pact. The point was made that the agreement was concluded only for a one-year term, in any event, and was renewable without notice provided that neither party served notice of desired amendments three months before its expiration.

For their part, Ministry officials explained that this country also wished to make certain revisions, and that the move by Hungary was only a formal one prior to the resumption of trade negotiations.

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