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Brazil and Argentina to negotiate with Uruguay and Paraguay on reducing import duties for non-MERCOSUR products

RIO DE JANEIRO, BRAZIL - The agreement was confirmed by Brazilian Foreign Minister Carlos França and his Argentine counterpart Minister Santiago Cafiero in a joint communiqué: "The Ministers reached the necessary consensus to jointly define with the other MERCOSUR partners the scope and characteristics of the Common External Tariff revision."

"This is an important step towards increasing competitiveness of the States Parties and strengthening regional productive processes, which will promote a beneficial integration of MERCOSUR production in global value chains," they emphasized in the letter.

Along these lines, it was emphasized that Brazil and Argentina "agreed to work with Paraguay . . .

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