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Israel, South America start trade agreement


URL: http://www.jewishjournal.com/israel/article/israel_south_america_start_trade_agreement_20100406

A pioneering free-trade agreement between Israel and a bloc of South American countries began operating. Israel is the first country outside South America to sign such agreement with Mercosur, a regional bloc that includes Argentina, Brazil, Paraguay and Uruguay, and produces over $3 trillion in Gross Domestic Product. With the agreement, which came into effect Sunday, bilateral trade is expected to increase threefold in the next five years.

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