Conditions are to be effective indefinitely or until the car sector is fully adapted to the Mercosur General Regime, which stipulates a common foreign tariff at 11 tariff levels, whose rates range from zero to 20 percent.
The commercial agreement between Mercosur and the European Union (EU) may bring gains close to $130 billion to Brazil’s GDP in ten years. The estimate was made public Monday (Jul 1) by Lucas Ferraz, secretary for Foreign Trade with the country’s Economy Ministry.
Brazil’s Minister of Agriculture, Livestock, and Supply Tereza Cristina said Monday (Jul 1) that the free-trade agreement signed between the Southern Common Market (Mercosur) and the European Union (EU) is “comfortable” and in accordance with the interests of Brazil and Brazil
President Bolsonaro said in Brasília Sunday (Jun 30) he expects Congress to be one of the first to approve the free-trade deal between Mercosur and the European Union (EU) signed Friday (28).