Israel, Turkey expand trade pact

Israel and Turkey did $2.1 billion worth of trade in 2006, with Israel exporting $838 million worth of products - mainly chemicals and electronic equipment.

By MATTHEW KRIEGER
March 8, 2007 07:09

Industry, Trade and Labor Minister Eli Yishai and Kursad Tuzmen, the Turkish foreign trade minister, signed an agreement on Wednesday under which Israel and Turkey will standardize products shipped between the two countries as well as implement changes that will expedite the shipping process between them. Additionally, the agreement will allow both countries to increase revenues from imports and exports. Israel and Turkey did $2.1 billion worth of trade in 2006, with Israel exporting $838 million worth of products - mainly chemicals and electronic equipment.


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