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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An unidentified man was taken into custody on Tuesday (17 February) after running towards the U.S. Capitol carrying a loaded shotgun and wearing tactical gear, according to Capitol Police Chief Michael Sullivan.
Peru’s Congress has voted to censure and remove José Enrique Jeri Ore from his posts as President of Congress and acting President of the Republic, just four months into his tenure, citing undisclosed meetings with Chinese businessmen and alleged hiring irregularities.
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