A free-trade agreement between Israel and Hungary will be signed this year and implemented in 1996, said Gabriela Cohen, deputy director general of the Israel Ministry of Commerce.
A five-member Israeli foreign-trade delegation recently held talks here for two days with Hungarian representatives of the Budapest Trade Ministry.
The free-trade agreement would be advantageous for Israel, as many Israeli high-tech products could be sold to the Hungarian market. An agreement could increase the amount of trade between the countries by two to three times.
The next round of talks will take place in Israel at the end of March. In addition, Minister of Commerce Michael Harish will visit Budapest in May.
Istvan Csejtei, the newly appointed Hungarian ambassador to Israel, said the agreement could be signed in May.
Israeli officials are to hold exploratory talks in Prague and Warsaw about additional free-trade agreements, Cohen also said.
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