EU MERCOSUR DEAL LIKELY TO BOOST TRADE IN FINISHING CHEMICALS AND RELATED PRODUCTS
July 1st, 2019
THE TRADE in textile finishing chemicals and products made with them between the European Union (EU) and the Mercosur bloc of Brazil, Argentina, Uruguay and Paraguay is likely to intensify under a new trade deal between the two regional groupings.
The agreement, which now needs ratification by both sides, will phase out all EU duties charged on industrial goods (including dyes and other finishers) 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 ...
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