btn_subscribe-top
btn_give-a-gift
btn_login
btn_signup
btn_rss

Blog

Mercosur Signs Trade Pact with Palestinian Authority

December 21, 2011

by AQ Online

Yesterday, at Mercosur’s presidential summit in Montevideo, Uruguay, foreign ministers of the bloc’s four founding members—Argentina, Brazil, Paraguay, and Uruguay—signed a free trade agreement (FTA) with the Palestinian Authority (PA). This trade deal is significant not only due to Mercosur’s strength as the world’s fourth-largest economic bloc, but also because this pact opens the Palestinian economy up to new South American markets. The PA had prior trade relations with Argentina, according to the Latin American Integration Association—importing over $1.7 billion of Argentine goods in 2010.

PA Foreign Minister Riyad al-Maliki was present in Montevideo on behalf of the Palestinian people and expressed his gratitude: “We are glad to know we have so many friends in the region.” All four founding Mercosur members endorsed a sovereign and independent Palestinian state over the course of the past 12 months, starting with Brazil in December 2010.

Comment on this post

Mercosur also has an FTA fully in force with Israel; it was signed in December 2007 but needed ratification by the parliaments of each member state. Argentina’s congress became the last such nation to do so in March 2011.

Israel places strict controls on the flow of goods to and from the Palestinian territories of Gaza and the West Bank—and leaders like al-Maliki charge that Israel is stifling economic growth among the Palestinians. An Israeli representative from its Montevideo embassy said that while Israel would respect the Mercosur-PA FTA, it is “not the best way to promote peace” in the Middle East.

 

 

Tags: Mercosur, Free Trade, Uruguay, Palestine

To speak with an expert on this topic, please contact the communications office at: communications@as-coa.org or (212) 277-8384.
blog comments powered by Disqus

 
 

Americas Quarterly's Cuba Coverage

Check in with AQ for updates on U.S.-Cuba normalization.

 

Connect with AQ


Twitter YouTube Itunes App Store

 

Most Popular

MOST POPULAR ON AQ ONLINE

  • Most Viewed
  • Past:
  • 1 day
  • 1 week
  • 1 month
  • 1 year

AQ and Efecto Naím: NTN24 Partnership

June 1: This AQ-Efecto Naím segment looks at sustainable cities in the hemisphere.

 

AQ BLOGGERS REPORT FROM

Atlanta, GA
   Sabrina Karim
 
Bogotá, Colombia
   Jenny Manrique
 
Caracas, Venezuela
   Paula Ramón
 
Guatemala City, Guatemala
   Nic Wirtz
 
Mexico City, Mexico
   Juan Manuel Henao
 
Monterrey, Mexico
   Arjan Shahani
 
Montreal, Canada
   John Parisella
 
New York, NY
   Adam Frankel
   Christopher Sabatini
 
Ottawa, Canada
   Huguette Young
 
Rio de Janeiro, Brazil
   Stephen Kurczy
 
Salvador, Brazil
   Paulo Rogério
  
San Salvador, El Salvador
   Julio Rank Wright
  Carlos Ponce
 
Santiago, Chile
   Joseph Hinchliffe
 
Washington, DC
  Eric Farnsworth
  Liz Harper
  Christian Gómez, Jr.
  Christine Gomes
  Kezia McKeague
  Johanna Mendelson Forman