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Palestinian Authority Initials Free Trade Agreement With Mercosur
10/19/2011

The Palestinian Authority in Ramallah has initialed yesterday a free trade agreement with Mercosur [Common Southern Market comprising Argentina, Brazil, Paraguay and Uruguay] to strengthen trade between the two parties. The agreement will be formally signed at the next annual meeting of Mercosur which will be held in Montevideo in December in the presence of President Mahmoud Abbas.

Apart from its economic benefits the agreement is viewed by the Palestinian Authority as a step in its efforts to secure recognition at the United Nations as a state.

Source: Al-Hayat Al-Jadida, Palestinian Authority, October 19, 2011

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