MINERALS TRADERS OFFERED BETTER ACCESS TO SOUTH AMERICA AND EUROPE UNDER EU-MERCOSUR TRADE DEAL
July 1st, 2019
A EUROPEAN Union (EU) trade deal struck with South America’s Mercosur group of Brazil, Argentina, Uruguay and Paraguay, should boost trade between the two blocs of industrial minerals. The agreement, which now needs to be ratified by both sides, will phase out all EU duties charged on industrial goods (including minerals and mineral items) over 10 years. In return, the Mercosur countries will phase out duties on EU exports of industrial goods accounting for 91% of EU industrial products sent to these countries. The full text has yet to be released, so it is not ...
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