BRASILIA, Nov 5 (Reuters) – Brazilian Economy Minister Paulo Guedes said on Friday that he expects Mercosur to announce a 10% reduction in the South American trade bloc’s common external tariffs for the vast majority of goods in the coming days. and services.
Guedes, who participated by video call in an event in Rio de Janeiro, said the reduction would apply to 87% of products and services.
Members of Mercosur, a common market made up of Argentina, Brazil, Paraguay and Uruguay, have discussed for years a tariff reduction to help increase trade between the bloc countries and the rest of the world.
Last month, Argentina and Brazil agreed on a framework to reduce levies.
(Reporting by Marcela Ayres, Written by Stephen Eisenhammer, Edited in Spanish by Manuel Farías)
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