The United States and Israel signed three agreements today providing $75 million for Israel to buy American industrial and agricultural commodities and services. The agreements, signed at the State Department by Israeli Ambassador Simcha Dinitz and Daniel Parker, Administrator of the Agency for international Development, include a $35 million import grant, a $25 million commodity import loan and $15 million as a cash grant.
This sum is for the transitional quarter between June 30, the end of the old fiscal year and Oct. 1, the beginning of the new fiscal year. Under the old fiscal year program, Israel was provided with $1.5 billion in military credits and $705 million in economic supportive assistance. To this was added $200 million in military credits and the $75 million in economic assistance contained in the agreements signed today. The 1977 fiscal year program is still before Congress.
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