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    Latest News - South America

    Brazil to implement free trade accord with Palestinian Authority

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    By News Desk on July 11, 2024 South America
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    Brazil to implement free trade accord with Palestinian Authority in a move to show solidarity for the Palestinian state and people.

    The south american country has put into effect a free trade agreement with the Palestinian Authority that has been waiting for ratification for more than decade, in a show of support for the Palestinian people.

    “The agreement is a concrete contribution to an economically viable Palestinian state, which can live peacefully and harmoniously with its neighbors,” Brazil’s foreign ministry said on Monday in a statement.

    Brazil’s foreign ministry

    Recognises a Palestinian state

    It said Brazil, which recognises a Palestinian state and allowed a Palestinian embassy to be built in the Brazilian capital in 2010, ratified the agreement on Friday between the Mercosur trade bloc of South America and the Palestinian Authority that had been signed in 2011.

    Uruguay has backed the Palestine deal, a foreign ministry source said, adding that there was little resistance since Mercosur has a similar agreement with Israel.

    Palestinian ambassador in Brasilia, Ibrahim Al Zeben, called Brazil’s decision “courageous, supportive and timely.” It is “the effective way to support peace in Palestine,” he said in a message, adding that he hopes Palestine trade with Mercosur, currently only $32 million a year, will grow.

    featured free trade agreement Middle East featured Palestine
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