Mercosur agrees to Brazil’s reduced import tariff

Brazil will be allowed to keep the lower tax until December 2023. The bloc has also decided to have a goods and services trade and investment agreement with Singapore.

On Thursday, July 21, Mercosur will announce the permission for Brazil to keep the 10% reduction of the Common External Tariff (TEC) until December 2023.

The meeting of economy ministers and central bank presidents from the bloc countries is being held on July 20 and 21. The event is the 60th Mercosur Summit. They dealt with the sustainability of public finances in the post-pandemic period of covid-19 and fiscal risks at the . . .

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