One-fifth of the $100,000,000 Export-Import Bank loan to Israel has already been distributed by the Ministry of Trade to 140 plants and factories while additional allocations will be made shortly to another 160 factories, it was announced here today.
At the same time it was disclosed that 14,000 new workers secured employment in industry during 1949, bringing the total number of industrial workers at the present time to 80,000. Plans are now being mapped by the Ministry of Trade for the expansion of industrial employment during the next four years providing 100,000 new jobs to recently-arrived immigrants.
Earlier it was announced that Israel will soon sign two new trade agreements–with Argentina and Czechoslovakia–bringing the total number of commercial agreements in force to eight. The six trade pacts already in existence will assure Israel of a market in 1950 for 3,500,000 pounds of exports, it was noted.
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