Israel and France signed a trade agreement yesterday under which Israel agricultural exports to France will be increased 50 per cent over last year to a total of 12 million francs (about $2.5 million). The new agreement does not cover citrus exports to France which are governed by Israel’s agreements with the European Common Market. The economic counsellor at the Israel Embassy here welcomed the new agreement as evidence of French goodwill and readiness to help redress the trade balance. Overall, Israel’s imports from France run about $44 million while Israel exports to this country about $28 million.
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