P.M. BRIEFING : Israelis, Soviets Set Trade Ties
Israel and the Soviet Union agreed today to establish trade ties despite not having full diplomatic relations, Israeli officials said.
“We signed an agreement to establish economic relations. We will exchange official representatives in the form of trade offices in Tel Aviv and Moscow,” said Dan Gillerman, president of the Federation of Israeli Chambers of Commerce.
He said Soviet officials were already in Tel Aviv to open an office of the Soviet Chamber of Commerce. Israeli officials will travel to Moscow next month, he said.
The president of the Soviet Chamber of Commerce and Industry, Vladislav Malkevitch, said trade between the Soviet Union and Israel could top $1 billion in four years. Direct trade now stands at less than $10 million a year.
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