Israel and Yugoslavia Conclude Trade Agreement Involving $2,000,000 Exchange of Goods
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Israel and Yugoslavia Conclude Trade Agreement Involving $2,000,000 Exchange of Goods

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A $2,000,000 Israel-Yugoslav trade agreement was signed in Belgrade yesterday, it was announced here today. Israel Minister to Belgrade Moshe Ishai initialled the agreement on behalf of the Jewish state while a Yugoslav Foreign Ministry representative signed the document on behalf of his government.

Under the agreement, Israel will import from Yugoslavia timber, corn, beans, potatoes, onions and other foodstuffs. Yugoslavia will also ship to the new state lead and various chemicals. In turn, Israel will export to Yugoslavia citrus fruits citrus by-products, woolen yarns, razor blades, oils, optical lenses, artificial teeth and sheet glass.

Israel will pay for the Yugoslav imports partly in hard currency and partly in export products. In addition to the agreement, Israel plans to purchase from Yugoslavia sufficient timber for the manufacture of 1,000,000 citrus crates. The commercial pact with Yugoslavia makes it the sixth such agreement reached between Israel and other countries in the past nine months. Others concluded to date have been with the Netherlands, Hungary, Poland, Finland and Uruguay.

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