Israeli Prime Minister Benjamin Netanyahu is working to improve economic ties with politically friendly Latin American countries in order to compensate for the crippled economy of Israel’s main trading continent, Europe.
The new effort to increase Latin American trading, particularly with Chile, Peru, Colombia and Mexico, will compliment Netanyahu’s simultaneous effort to increase economic ties with China and other East Asian countries. These four Latin American countries formed the free-trade Pacific Alliance last year and account for about 36 percent of the continent’s gross domestic product (GDP). They all trade significantly with North America.
Currently in Latin America, Brazil is Israel’s main trading partner, taking in Israeli exports at about $1.1 billion per year and importing to Israel at about $400 million per year. In June, Israeli President Shimon Peres signed a free-trade agreement with Colombia.JNS News Service
If you don't see your comment after publishing it, refresh the page.
Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.
If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.