PALESTINIAN AUTHORITY INITIALS FREE TRADE DEAL WITH MERCOSUR BLOC http://www.namnewsnetwork.org/v2/read.php?id=173648

The Palestinian Authority has initialled a free trade agreement with the Mercosur, an economic union of Argentina, Brazil, Paraguay and Uruguay. The agreement will help enhance and develop bilateral trade and economic relations between Palestine and Mercosur, in addition to eliminating taxes on goods and services traded between them, said Valeria Tucasi, head of the Mercosur delegation who signed the agreement on behalf of her economic bloc Monday.

Minister of Economy Hasan Abu Libdeh, speaking on behalf of the Palestinian Authority, said the final agreement will be officially signed by the Mercosur state members in December during their annual convention in the Uruguayan capitol, Montevideo, in the presence of President Mahmoud Abbas.He stressed the importance of this agreement with Mercosur, the fifth largest economy in the world. He said it enhances Palestinian efforts to rally international support for Palestinian application for membership in the United Nations submitted on Sept 23

[LETS SEE HOW THIS WILL GO,ONE THING IS FOR SURE,THOUGH THE IDEA OF PALESTINIAN GOODS ENTERING LATIN AMERICAN MARKETS IS A GOOD IDEA,I AM SKEPTICAL ,CONSIDERING THE EFFECT OF HAVING LATIN AMERICAN GOODS FLOOD PALESTINIAN MARKETS...WILL PALESTINIAN MARKETS BE ABLE TO COMPETE FROM AN ALREADY UNDERHANDED POSITION?NEOLIBERAL FTAS ARE EVER HARDLY A GOOD THING,WE SHALL WAIT AND SEE...