An agreement for increased economic cooperation between Israel and Canada was reached here Wednesday. A letter of understanding signed by Commerce and Industry Minister Gideon Patt and the visiting Canadian Minister of Industry, Trade and Commerce, Herbert Gray, allows Israel to bid for contracts to sell equipment to Canada’s Defense Ministry. Canada would also encourage its private sector to purchase more Israeli goods. Canada sold Israel $72 million worth of products last year against imports from Israel of only $40.7 million.
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