Israel Signs Free Trade Pact with Latin America's Mercosur Bloc

Bloomberg.com reported on December 19, 2007 that Israel signed a free trade agreement with Latin America's Mercosur countries (Argentina, Brazil, Paraguay and Uruguay), making it the first country outside of Latin America to do so. Brazilian Foreign Minister Celso Amorim stated that Mercosur will sign several other agreements with countries such as South Africa, India, and nations in the Persian Gulf.

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