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Argentina ratified the trade agreement with the Egyptian bloc, the Mercosur

The Parliament of Argentina ratified the agreement, signed with Egypt in 2010 with the countries of the Latin American economic bloc Mercosur, which also includes Brazil, Uruguay and Paraguay.

The agreement should enter into force at the end of August 2017.

In the framework of the agreement will be substantially reduced customs duties on products of the participating countries.

Recall that the first country outside of Latin America, signed the free trade agreement with the bloc, the Mercosur, was Israel, with whom the contract was signed in 2009.

Bloc, the MERCOSUR, an international organization consisting of Brazil, Argentina, Uruguay and Paraguay. Countries of the bloc, with a combined GDP of 1.2 trillion dollars and a population of 240 million people represent a huge economic potential, access to which Israel will receive the first among countries outside of Latin America, including the United States and the European Union still has not succeeded in signing a similar contract.

Argentina ratified the trade agreement with the Egyptian bloc, the Mercosur 20.07.2017

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