Member countries of South America’s leading trade bloc, Mercosur, have reached an agreement to broaden exemptions to common external tariffs, Argentina’s Foreign Ministry spokesperson announced on Wednesday.
Under the new deal, countries will be allowed to add up to 50 additional tariff exemptions to the existing regimes.
Currently, Brazil and Argentina benefit from around 100 exemptions each, while Uruguay and Paraguay have close to 400.
The agreement was notably driven by Buenos Aires, with Argentina pushing for the move to facilitate a potential trade deal with the United States.
Experts say that expanding these exemptions will enable Mercosur to adopt a more flexible trade policy and better protect the individual economic interests of its member states.
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A bird’s nest woven from dry grass and fibre-optic cable near Ukraine’s front line is offering researchers an unusual glimpse into how more than four years of war are reshaping the natural environment.
NATO is adjusting to a shifting global security environment and the United States is not seeking to leave the alliance, Turkish Defence Minister Yaşar Güler told Reuters ahead of next week’s NATO summit in Ankara.
Overcrowding in Swiss prisons is leading to deteriorating detention conditions and infringing inmates’ fundamental rights, Switzerland’s National Commission for the Prevention of Torture (NCPT) has warned in its latest annual report.
Rocket Lab has agreed to acquire Iridium Communications in an $8 billion deal, giving the space company a global satellite communications network and accelerating its expansion beyond launch services. The acquisition marks a major step in its ambition to become a fully integrated space business.
Fourteen people were killed on Sunday after a helicopter belonging to Saudi oil giant Aramco crashed in Ras Tanura, according to Saudi state media.
Rescue teams raced on Sunday to find more survivors of the two powerful earthquakes that struck Venezuela this week, with signs of life bringing occasional relief to a grim quest to whittle down a list of tens of thousands missing.
The United States and Iran have agreed to halt strikes against each other, in a potential breakthrough after weeks of escalating tensions. The two sides are expected to meet in Doha on Tuesday to address their dispute over the Strait of Hormuz.
Russian President Vladimir Putin has said the country is going through a “difficult period”, but has learned much from it, according to state news agency TASS.
The U.S. and Iran have agreed to 'stand down' and resume technical talks, allowing vessels allowed to move freely under the interim peace deal, a U.S. official said.
NATO is adjusting to a shifting global security environment and the United States is not seeking to leave the alliance, Turkish Defence Minister Yaşar Güler told Reuters ahead of next week’s NATO summit in Ankara.
Overcrowding in Swiss prisons is leading to deteriorating detention conditions and infringing inmates’ fundamental rights, Switzerland’s National Commission for the Prevention of Torture (NCPT) has warned in its latest annual report.
Workers stayed home, buses remained idle and many businesses closed across South Africa on Tuesday (30 June) as the country braced for planned anti-immigrant marches, with fears they could turn violent.
Days after Beijing imposed fresh restrictions on 56 U.S. companies, China's Ministry of Commerce said it remained committed to pursuing tariff cuts and mutually beneficial cooperation with Washington.
Keiko Fujimori has emerged ahead in Peru's presidential run-off after electoral authorities completed the final vote count, bringing weeks of uncertainty closer to an end.
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