Turkish Imports from Israel Increasing; $4,000,000 Debt Reported

The Turkish Ministry of Commerce has granted Turkish importers licenses to purchase some 3,000,000 lira worth of goods from Israel, in the wake of Israel’s purchase of 6,000 sheep from Turkey. After the conclusion of these purchases by Turkish and Israel businessmen, Turkey will still be in Israel’s debt to the extent of $4,000,000.

Meanwhile, the Turkish authorities have acted to make possible Israel participation in the Izmir International Fair, which opens next month. In line with a decision to conserve Turkey’s foreign exchange reserves, the amount of foreign currency which Turkish funds may spend with foreign firms exhibiting at the fair was cut to a percentage of last year’s figure.

Israel was slashed to 10 percent of last year’s total, but later the figure was changed to $275,000, about half of last year’s total. This places Israel in a favored position since such countries as Germany receive an allotment of only 30-35 percent of last year’s total. One hundred Israel firms plan to be represented at the Izmir Fair.

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