At the meeting of the Common Market Council (CMC), the foreign ministers defined that the positions with a tariff of 2% go to 0%, and that those with a tariff between 4 and 14% are reduced by 10%.
As an example, he said a position with a 4% tariff rate will become 3.6%.
This universe is composed the vast majority, for raw materials and supplies that are not generally produced in Argentina, so it is expected that the measure “can contribute to improving the competitiveness of certain final products,” said sources from the Foreign Ministry.
The States parties may also reduce tariffs by 10%, which are currently between 16% and 35%, although Argentina will not make reductions on this universe.
At the proposal of Argentina, on this last universe, the automotive, fabric, clothing, footwear, toys, dairy and canned peaches sectors will be excluded from the reduction for all partners.
Likewise, they will remain in the special import regimes (temporary admission, draw back, exception lists, capital goods (BK), computer and technology goods (BIT), among the most relevant.
From the Palacio San Martín it was emphasized that “The agreement reached preserves the Argentine interest” by not including the sectors of the exception lists mentioned.
Brazil began the process of tariff reduction in 2019, with a proposal for an average reduction of 50% of the entire nomenclature. He then presented proposals for a transversal reduction of 20% and finally agreed to implement a reduction of the order of 10%. In May of this year, it announced the reduction of the tariff in more than 6,000 positions on a “temporary” basis until December 2023.
Rejection of Zelensky
The governments of Argentina, Brazil, Paraguay and Uruguay denied the president of Ukraine, Volodymyr Zelensky, the opportunity to make a speech during the LX Summit of Mercosur Presidents on Thursday, announced a spokesman for the Paraguayan presidency pro tempore.
“There was no consensus. The Ukrainian ambassador to Argentina who was concurrent in Paraguay was informed. The foreign minister himself made the communication,” reported this Wednesday at a press conference Raul Cano, Vice Minister of Foreign Affairs of Paraguay, host country of the meeting of presidents.
Cano clarified that all the bloc’s decisions are made by consensus, but he excused himself from identifying the country or countries that opposed Zelensky’s intervention.
“Who is in favor and who is against, I don’t know which State did not agree. Nor can we divulge the State that did not give its consent,” he said.
The President of Ukraine communicated last week with the Head of State of Paraguay, Mario Abdo, in his capacity as president pro tempore of the regional bloc, to request a space for virtual participation within the Asunción summit.
Source: Ambito
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