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Uruguay and Israel Sign Treaty on Commerce and Navigation in Montevideo

Israel and Uruguay signed here yesterday a treaty of commerce and navigation granting each other most favored nation status in relation to tariffs and outlined reciprocal facilities for tourism and the handling of merchandise in transit. It includes a payments’ agreement for trade between the two countries which allows the un-hampered movement of goods to the extent of $1, 500,000 in favor of either nation within a two-year period.