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Israel Concludes Trade Pacts with Norway and Holland

May 18, 1954
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The signature here of an Israel-Norwegian trade pact involving the exchange of goods valued at over $3,500,000, was announced today. Norway will supply Israel with fish, fish products, chemicals, aluminum and paper in exchange for citrus products, cars and textiles. This is the fourth consecutive trade agreement between the two states.

Israel has also concluded a one-year trade pact with the Netherlands which provides for Holland to export 16,000,000 guilders ($4,211,000) worth of goods. The rate of exchange has been changed to bring the Israeli pound and the Dutch guilder in the same relationship as the Israeli pound and the dollar.

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