Mercosur Announces End
of Double Tariff
Montevideo - Members of
the Common Market of the
South (Mercosur) have
agreed to end a double
tariff mechanism in
order to facilitate the
flow of goods within the
bloc, a Brazilian
official said Monday.
The double tariff will
end in January, Regis
Arslanian, the Brazilian
representative to
Mercosur, told
reporters.
A tariff currently must
be paid on all products
entering Mercosur and
must be paid again if
the goods are
transferred to other
countries within the
bloc.
Arslanian said that all
work related to the
ending of the double
charge must be finished
before the Dec. 16
Mercosur summit in
Brazil.
Mercosur was founded in
1991 by Brazil,
Argentina, Uruguay and
Paraguay. Venezuela
signed a membership
agreement in 2007, but
has not yet completed
the process of full
accession.
The bloc's associate
members include Bolivia,
Chile, Colombia, Peru
and Ecuador.
|
