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Egyptian-israeli Trade Soars

After years of relations disparagingly referred to as a cold peace, trade between Israel and Egypt rose sharply this year.

According to figures released by the Egyptian Economics Ministry, trade between the two countries more than doubled during the first nine months of 1994 over the same period last year.

Israeli-Egyptian trade, excluding oil sales, stood at $30 million for the first three quarters of the year, up from $13 million from the same 1993 period.

The figures were released in advance of this week’s official visit to Israel by the Egyptian economics and trade minister, Mahmoud Bayoumi.