EU ROUND UP – EUROPEAN PAINT EXPORTERS COULD BENEFIT FROM NEW EU-MERCOSUR TRADE DEAL
July 1st, 2019
EUROPEAN Union (EU) exporters of paints, varnishes and other coatings should gain market share in South America through a trade deal struck between the EU and the Mercosur bloc of Brazil, Argentina, Uruguay and Paraguay. The agreement, which now needs ratification by both sides, will phase out all EU duties charged on industrial goods (including paints and coatings) 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 countries. The full text has yet to ...
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