Gesture of relaxation in Mercosur: Argentina accepted a proposal from Brazil and accepted a 10% reduction in the common external tariff
Foreign Minister Santiago Cafiero and his Brazilian counterpart Carlos França announced on Friday that the “Consensus necessary” for the revision of the Common External Tariff which governs the Mercosur, following a meeting held at Itamaraty Palace, where the bilateral agenda was also discussed, according to a joint statement released by the foreign ministries of the two countries. The tension between the partners of the bloc had sharply increased in recent days.
“We were able to contemplate the productive interests of each of the countries”, declared Cafiero, during his first international tour as Minister of Foreign Affairs, after meeting his Brazilian counterpart, within the framework of the 10% reduction agreement on the common external tariff partly products imported from Mercosur and to which Paraguay and Uruguay must decide to join.
“The ministers have reached the Consensus needed to jointly define with other Mercosur partners the scope and characteristics of the review of the common external tariff. They pointed out that it is an important step towards increasing the competitiveness of States Parties and towards the strengthening of regional production processes, which favor a beneficial insertion of Mercosur’s production in global value chains, ”indicates the joint declaration of the Argentine and Brazilian foreign ministries.
“In this sense, they agreed work with Paraguay and Uruguay for the speedy approval of a Common Market Council decision which makes it possible to reduce by 10% the aliquots of the major part of the tariff universe, by safeguarding the exceptions which already exist within the block ”, adds the text.
Finally, the press release indicates that the agreement concluded “considers the different needs of member countries, demonstrating Mercosur’s ability to move forward with a constructive vocation of updating and updating. adaptation of its tariff structure to current regional and global trade conditions in a balanced manner ”.
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