EU MERCOSUR DEAL OFFERS EUROPEAN AND SOUTH AMERICAN METAL PACKAGING SECTOR NEW TRADE OPPORTUNITIES
August 1st, 2019
THE EUROPEAN metal packaging sector will be hoping that the newly negotiated European Union (EU)-Mercosur trade deal is ratified quickly, given it scraps import duties imposed by Brazil and Argentina on such exports of between 12% and 35%. These are the key markets in the South American trade bloc, that also includes comparative minnows Uruguay and Paraguay, whose protective duties shadow their larger Mercosur neighbours.
The agreement, which now needs to be ratified by both sides, will phase out all EU duties charged on industrial goods (including cans and ...
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