A trade deal between the European Union and South America's Mercosur bloc o...
SAO PAULO - A trade deal between the European Union and South America’s Mercosur bloc of countries could facilitate other agreements and open up new markets for Brazil’s massive beef-packing industry, a trade group said.
“A deal of this magnitude is like an invitation card for speaking with other countries and trade blocs,” Camardelli told Reuters in an interview late on Thursday. Camardelli said the deal boosts the prospects for more Brazilian beef sales to the EU, as it commands a 42.5% share of the new 99,000-tonne annual quota for beef exports to EU member countries that will be assigned to Mercosur. Tax on the new quota will be 7.5%.The new trade terms, once implemented, would also reduce to zero from 20% a levy on beef imports into the EU under the so-called Hilton quota.
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