Finance Minister Pinhas Sapir left for Bucharest this morning at the head of an Israeli delegation which will discuss with highest Rumanian authorities the final phase of an economic pact between the two governments. The pact was reached here tentatively two weeks ago when a delegation from Rumania visited Israel.
The treaty is to include not only agreement on Rumanian-Israeli commerce and trade but also for intensive cooperation in other fields, such as scientific and technical exchanges and tourism. Included in the agreement is also provision for each country’s construction of factories in the other land. Mr. Sapir is scheduled to affix Israel’s signature to the pact at ceremonies in Bucharest.
The Finance Minister’s visit to Rumania is the first made by a member of Israel’s Cabinet to any country in Eastern Europe for the signing of a bilateral agreement. Rumania will also participate in the 1967 International Agricultural and Food Exhibit which will be held in Tel Aviv in May and June, exhibit officials announced today.
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