A trade agreement was signed yesterday between Hungary and Israel, providing for the exchange of goods valued annually at the equivalent of $10,000,000, it, was announced here today. The pact also stipulates that Israel-bound Hungarian Jewish immigrants will be permitted to transfer funds to the Jewish state.
The chief exports from here to Israel will consist of food, fodder and various chemicals in exchange for which Hungary will import citrus products, textiles and wool yarn. The agreement was signed on behalf of Israel by Dr. T.M. Kinory, head of a trade delegation from Tel Aviv, and by Sandor Ronai, Hungarian Minister of Commerce.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
