Brazil-Palestine Free Trade Agreement
Brazil has put into effect a free trade agreement with the Palestinian Authority after more than a decade of waiting, in a show of support for the Palestinian people.
Key Points
- Brazil ratifies free trade agreement with Palestinian Authority
- Supports Palestinian statehood and peaceful coexistence
- Mercosur trade bloc involved in the agreement
Pros
- Concrete contribution to an economically viable Palestinian state
- Support for peace in Palestine
- Opportunity for increased trade between Palestine and Mercosur
Cons
- Uncertainty if other Mercosur members will ratify the agreement