Mercosur trade agreements
- Claudio Alves
- Dec 29, 2019
- 1 min read
Free trade agreement between Mercosur and EFTA (European Free Trade Association).
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KEY BENEFITS FOR EU COMPANIES: 1. Tariff elimination → The agreement will eliminate very high customs duties in key sectors, including those with a large volume of trade: ‣ Cars and parts; ‣ Machinery; ‣ Chemicals; ‣ Pharmaceuticals. At present, tariffs in such sectors are high. For instance, tariffs of 35% apply to cars, 20-35% to key machinery products and up to 14% to pharmaceutical products.