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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Hikmat Hajiyev, Assistant to the President of Azerbaijan, engaged in extensive discussions at the U.S. Congress on strategic partnership, regional issues, and global peace initiatives.
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Bangladesh is boosting power imports from India and output from fuel oil-fired power plants in a scramble to meet rising electricity demand as it grapples with constraints on gas supply and coal plant maintenance, industry officials and analysts say.
The United Nations Security Council will hold an emergency meeting at Poland's request to discuss this week's violation of Polish airspace, the Polish Foreign Ministry said on Thursday.
The Mexican Navy seized 1,600 kilograms of cocaine in a maritime operation off the coast of Guerrero, according to a press release from the Mexican government on Wednesday (September 10).
Poland has introduced restrictions to air traffic along its eastern borders with Belarus and Ukraine, the Armed Forces' Operational Command said on Thursday, amidst increased tensions a day after multiple drone incursions into the NATO member's airspace on Wednesday.
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