A spokesman for the Israel Foreign Ministry denied today an American press report that Turkey was preparing to cancel its trade pact with Israel. He noted that the agreement between the two states was signed on July 4, 1950 and is automatically renewable each year unless either party gives two months’ advance notice of desire to cancel; the deadline was yesterday.
There has been no intimation of an intention to cancel, the spokesman pointed out, though Israel is the creditor to the extent of several million dollars. Because of the economic depression in Turkey, that country has been unable to buy Israeli products of late, he said. Economic circles here believe that the scarce of the American press report was in Beirut and attribute the entire story to Arab wishful thinking.
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