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.
Ukrainian President Volodymyr Zelenskyy has dismissed Commander-in-Chief Oleksandr Syrskyi, replacing him with General Mykhailo Drapatyi in one of the...
Southeast Asia remains the epicentre of scam centres running illegal online fraud schemes that target victims worldwide and generate billions of dolla...
Iran is increasingly relying on its northern ports for imports, with officials saying more than 30% of goods now enter the country via Russia and the ...
Ukrainian President Volodymyr Zelenskyy has dismissed Commander-in-Chief Oleksandr Syrskyi, replacing him with General Mykhailo Drapatyi in one of the most significant military leadership changes since Russia's full-scale invasion of Ukraine.
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Indian Prime Minister Narendra Modi called for setting up a foolproof public examination system in the country on Tuesday, a day after supporters of the youth-led "cockroach" movement and police clashed as they marched on parliament to protest against question paper leaks.
Lebanese army troops have begun deploying in the southern town of Zawtar al-Gharbiyeh after Israeli forces withdrew from the area, marking the first major step in a U.S.-brokered plan to reduce tensions along the Lebanon-Israel border.
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At least six people were killed and 21 others injured after two earthquakes struck Peru's central Junín region, destroying dozens of homes and triggering a major emergency response.
Kylian Mbappé has become the first player to win the FIFA World Cup Golden Boot on more than one occasion. The French forward won the award presented to the top goalscorer of the tournament for the second time, despite France being knocked out in the semi-finals.
Overnight U.S. strikes caused blackouts in southwestern Iran and hit the northwestern city of Tabriz for the first time. Separately, a U.S. soldier died in northern Iraq during a controlled detonation of an unexploded Iranian drone.
Ukrainian President Volodymyr Zelenskyy has dismissed Commander-in-Chief Oleksandr Syrskyi, replacing him with General Mykhailo Drapatyi in one of the most significant military leadership changes since Russia's full-scale invasion of Ukraine.
Southeast Asia remains the epicentre of scam centres running illegal online fraud schemes that target victims worldwide and generate billions of dollars annually. The UN estimates scam losses across East Asia, Southeast Asia, Australia and New Zealand reached up to $114.1 billion in 2025.
Britain's new Prime Minister Andy Burnham has chaired his first Cabinet meeting, pledging to make the cost of living his government's central priority while signalling a broader effort to restore confidence in Britain's government and strengthen its international standing.
Iran is increasingly relying on its northern ports for imports, with officials saying more than 30% of goods now enter the country via Russia and the Caspian Sea rather than through the Indian Ocean.
Russian strikes hit multiple locations across Ukraine, setting a large hardware store ablaze in the northeastern city of Sumy and damaging a residential building in the country's east, as fighting between the two sides continued to intensify.
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