logo logo

Israel signs South American trade agreement

Jewish Telegraphic Agency, New York

Israel signs South American trade agreement

9 December 2005

Israel signed an agreement to expand trade with a South American free-trade alliance. The deal is aimed at eventually creating a free-trade area between Israel and MERCOSUR, which encompasses Brazil, Argentina, Paraguay, Uruguay and Venezuela. The agreement was signed with the group’s founding nations in the weeks prior to this weekend’s MERCOSUR summit.

“MERCOSUR countries will benefit from Israel’s sophisticated technology, and Israel will be able to introduce its goods to a market of hundreds of millions people,” said Dr. Eduardo Kohn, director of Latin American Affairs for B’nai B’rith International, which had lobbied for the accord.