A temporary agreement to increase trade between Belgium and Israel has been reached between the Ministries of Finance, Trade and Industry and a delegation from the Bank of Brussels, it was announced today.
Subject to official confirmation by the two governments, the agreement calls for the Bank to extend long term credits to Israel for the importation of essential commodities from Belgium.
The agreement follows a trade pact signed this week between Israel and Finland involving the exchange of $2,400,000 worth of goods between the two countries. Israel will buy paper, wood pulp and machinery for prefabricated houses, and will export $1,380,000 worth of citrus, citrus by-products, chemicals, artificial teeth, textiles and other goods to Finland.
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