MercoPress, en Español

Montevideo, September 28th 2023 - 17:14 UTC

Tag: Mercosur's Common External Tariff, TEC

  • Thursday, May 20th 2021 - 09:32 UTC

    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.