According to local media reports, the four member states of Mercosur (Brazil, Argentina, Uruguay, and Paraguay) held a meeting of economic and trade ministers on December 7 and decided to agree to Argentina’s application to exempt products from Mercosur’s external common tariff. The implementation period of the list mechanism was extended to December 31, 2011, and the implementation period of the Mercosur special import mechanism was extended to 2016. According to previous regulations, the above two mechanisms will end at the end of 2010.
In addition, this meeting also discussed and adopted two proposals from Brazil and Argentina, which are to increase the external common tariffs on 11 types of dairy products and textile yarns from the current 11% and 14% to 28% and 18% respectively. , the external common tariff on luggage and bags will be increased from the current 16-18% to 35%.
