Palestine Chronicle http://palestinechronicle.com (US, UK)
Post Date: 17:38 12/21/2011
The Mercosur, a leading trading bloc of four South American nations, has signed a landmark free trade agreement with the Palestinian Authority (PA). On Tuesday, PA Foreign Affairs Minister Riyad al-Maliki and the foreign ministers of the member states of the trade group, Argentina, Brazil, Paraguay and Uruguay, signed the deal during the organization's presidential summit in Montevideo, Uruguay. The Mercosur countries along with Venezuela, which is currently in the process of joining the economic bloc, have all recognized the Palestinian state. The Palestinian Authority has free trade agreements with the European Union, Turkey, and Arab League countries. The bloc's combined market encompasses more than 250 million people and accounts for more than three-quarters of the economic activity on the continent. Before this historic agreement, only one member of Mercosur, Argentina, had trade agreements with the Palestinians. (Reference for text and photo: Via Press TV)
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