Brazil wants Mercosur to agree on a 20% reduction of the Common External Tariff
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 mea...
Source: mercopress.com