Uruguay rejects Argentina and Brazil’s proposal to lower MERCOSUR external tariffs

While pursuing its goal of signing a bilateral free trade agreement (FTA) with China, Uruguay's government has decided that it will not support the proposal to lower MERCOSUR's Common External Tariff (CET) agreed by Brazil and Argentina.

RIO DE JANEIRO, BRAZIL - Uruguay's government conveyed its position on tariffs to the administration of Brazilian President Jair Bolsonaro, with which it shares a common understanding that the regional bloc needs to be "modernized."

In October, Argentina and Brazil's Foreign Ministers announced a bilateral agreement to propose a 10% reduction in the CET to the other partners; Paraguay later expressed its support for the idea. By rejecting this step, Uruguay is now in a solitary position.

A meeting of the MERCOSUR Common Market Group is scheduled for Tuesday and Wednesday, November 23 and 24, where the CET proposal . . .

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