Mercosur-Israel FTA comes online

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Tom Joyce

BY TOM JOYCE

@tomfruitnet

Mercosur-Israel FTA comes online

Trade between the South American bloc and Israel is expected to increase after the FTA comes into effect today

Mercosur-Israel FTA comes online

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The free trade agreement (FTA) between Mercosur and Israel comes into effect today, according to Port2Port.

Israel is the first non-South American country to sign an FTA with the South American trading bloc, which comprises Brazil, Argentina, Paraguay and Uruguay.

Thanks to the agreement, bilateral trade is expected to increase threefold in the next five years.

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