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Brazil unveils 10 pct cut in import tariffs

Brazil unveils 10 pct cut in import tariffs
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Lucas Ferraz , Foreign Affairs Ministry , Economy Ministry Foreign , Economy Ministry , Southern Common Market , Foreign Trade Secretary Lucas Ferraz ,

Trade deals could generate impact of US$320bn for Brazil through 2040


Trade deals could generate impact of US$320bn for Brazil through 2040
Bnamericas Published: Thursday, May 27, 2021
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Brazil to seek 20% reduction in Mercosur's common external tariff


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At the extraordinary meeting of the four founding members Argentina, Brazil, Paraguay, and Uruguay of Mercosur this June, Brail is going to seek a 20 per cent reduction in the South American trade block s Common External Tariff, TEC. Brazil wants TEC to be reduced in two rounds 10 per cent immediately, and the other 10 per cent in December.
At present, Mercosur’s tariffs are relatively high by world standards. It is 35 per cent for textiles and clothing, and 32 per cent for footwear. A consensus is needed to reduce these tariffs, according to Mercosur rules that date back to early 1990s. ....

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Tag: Mercosur's Common External Tariff, TEC — MercoPress


Brazil is determined that Mercosur s Common External Tariff, TEC, be reduced by 20% in two rounds of unilateral cuts, 10% immediately, and the other 10% in December. This is the official strategy and position of Brazil for the extraordinary meeting in June of the four founding members of the group, in Buenos Aires, underlined Lucas Ferraz, foreign trade secretary of the Brazilian Ministry of the economy.Add your comment!
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