BRAZIL – EU

Keith NuthallBRAZIL and the European Commission have agreed a Memorandum ofUnderstanding paving the way for a formal textile trading agreement which, says Brussels, "significantly improves access for textile products on each other's markets." The deal removes the quotas on Brazil's textiles and clothing exports to the EU. In return Brazil will respect maximum tariff levels and refrain from applying any non-tariff barriers to EU textile and clothing exports. EU trade commissioner Pascal Lamy said the agreement showed the EU was "ready to accelerate the opening of ...


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