The deal was announced during a two-day summit of Mercosur leaders in the Uruguayan capital

Israel Corp. will invest $225 million through its subsidiary Quantum for a stake in the joint venture

The goal is to try to reach an agreement by the year-end. Mercosur is the largest trade bloc in Latin America, and includes Brazil, one of the world’s ten largest economies

The ICIC extends credit facilities to Israeli exporters active in 115 countries, to the level of US$9 billion annually

The Central Bureau of Statistics (CBS) reported last week, on the eve of the Jewish New Year 5767, that Israel's population was 7.077 million people

Diplomatic sources in Israel believe that the sudden cancellation was triggered by mounting pressure from local pro-Arab business groups in Brazil and Argentina

Mr. Yehiel Asia predicted that manufacturing exports to Latin American countries will increase this year by 3%

At present, El Al Israel Airlines is the only Israeli airline with designated carrier status on the Tel Aviv-Paris route