Brazil deposited an instrument ratifying the Free Trade Agreement between Palestine and Mercosur on July 3, causing the treaty to come into effect between the two countries within 30 days. Brazil’s Foreign Ministry says the agreement is a tangible contribution towards an economically sound Palestinian state.

Brazil shipped an average volume of 431,400 tonnes in the first quarter of 2024 compared to 428,000 tonnes last year. June’s and first quarter’s results were down, though, although Saudi Arabia and the United Arab Emirates stepped up purchases.