On December 8 2005, in Montevideo, Uruguay, MERCOSUR (composed of Argentina, Brazil, Paraguay and Uruguay) signed a Framework Agreement on Trade whose objective is to provide the conditions and mechanisms to negotiate a free trade agreement.

MERCOSUR Common Market Council Decision No 22/05 approved the initiative to negotiate a free trade agreement. The first round of negotiations took place in February 2006. The first, third and fifth round of negotiations were held in Jerusalem, Israel. The second and fourth rounds took place in Buenos Aires, Argentina. The fifth round of negotiations was held in Jerusalem, Israel on 20-23 November 2006. On 18 December 2007, MERCOSUR and Israel signed a free trade agreement.

Documents relating to the negotiations
18 December 2007	MERCOSUR and Israel sign free trade agreement
20-23 November 2006	Jerusalem, Israel. 5th round of negotiations between MERCOSUR and Israel Annex I Annex II Annex III Annex IV Annex V Annex VI
05-07 July 2006	Buenos Aires, Argentina. 4th round of negotiations between MERCOSUR and Israel Annex I Annex II Annex III Annex IV Annex V
28-31 May 2006	Jerusalem, Israel. 3rd round of negotiations between MERCOSUR and Israel Annex I Annex II Annex III Annex IV Annex V Annex VI Rules of Origin
25-28 April 2005	Buenos Aires, Argentina. 2nd round of negotiations between MERCOSUR and Israel Annex I Annex II Initial Provisions Institutional Provisions Exceptions Publication and Notifications Final Provisions Annex III Annex IV Annex V General Provisions Trade in Goods
15-16 February 2006	Jerusalem, Israel. 1st round of negotiations between MERCOSUR and Israel
08 December 2005	Framework Agreement on Trade between the MERCOSUR and the State of Israel
Source: Presidencia de la República Oriental del Uruguay; Subsecretaría de Política y Gestión Comercial, Dirección Nacional de Polítical Comercial Externa de Argentina

The MERCOSUR-Israel FTA will entered into force between Uruguay and Israel on 23 December 2009. In March 2010, Brazil gave its final approval for the Israel-MERCOSUR FTA. A few days later, on 24 March 2010, the agreement became effective for Paraguay.

Documents related to the entry into force
24 March 2010	The MERCOSUR-Israel FTA becomes effective for Paraguay
15 March 2010	Brazil approves FTA between Israel and MERCOSUR
07 December 2009	MERCOSUR-Israel Free FTA to enter into force for Uruguay on 23 December 2009
Source: Presidencia de la República Oriental del Uruguay

• Ministry of Industry, Trade & Labor, Israel
• Presidencia de la República Oriental del Uruguay
• Subsecretaría de Política y Gestión Comercial, Dirección Nacional de Polítical Comercial Externa de Argentina