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$62.5m Sales Agreement Signed with Israel

The US Department of Agriculture signed a Public Law 480 agreement with Israel providing for the sale of $62.5 million worth of US feed grains, wheat and/or flour, edible vegetable oil and tobacco. Participating in the signing ceremony at the State Department were Ambassador Yitzhak Rabin of Israel and US Assistant Secretary of State Joseph J, Sisco.

Supply period is Calendar Year 1973. Sales will be made by private US traders on a nondiscriminatory basis. Purchase authorizations will be announced as Issued. During negotiation of this agreement, the government of Israel announced it will continue to carry out the following agricultural self-help program: Further increase food production through intensive use of existing cropland; Improve the facilities for the storage and distribution of food commodities; and emphasize adaptive research to develop new high yielding crop varieties.