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Trade deals could generate impact of US$320bn for Brazil through 2040 Bnamericas Published: Thursday, May 27, 2021 You have reached your limit of free pageviews this month (5/5) Request a free demo and find thousands of business opportunities in Latin America. Make decisions with valuable and relevant information about your industry. Request a free demo and find thousands of business opportunities in Latin America. Make decisions with valuable and relevant information about your industry. Name Phone 9,000+ projects in Latin America 22,000+ global companies that do business in the region. 46,000+ key contacts related to companies and projects. Analysis, reports, news and interviews about your industry in English and Spanish. ....
Fibre2Fashion Toggle navigation 25 Pic: Shutterstock 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. ....
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! ....
Minister Ferraz said we don t want to choose winners and losers, we want to negotiate 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. According to Mercosur rules all decisions must be adopted by consensus, which means that the TEC has become a contentious issue between the two main partners Brazil, and Argentina, which is reluctant to advance so fast or take such bold steps. ....