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On 13 August 2013, the Secretary of Foreign Trade (SECEX) in the Ministry of Development, Industry and Foreign Trade published in the Diário Oficial da União (Official Gazette)Circular № 46 of 12 August 2013 announcing the opening of consultations on the position Brazil should take in negotiations to expand the Preferential Trade Agreement between the Southern Common Market (MERCOSUR) and India signed in 2004 and in force since June 2009. Currently, the agreement grants preferences to a total of 902 tariff lines, with 452 granted by MERCOSUR and 450 for India. The consultation will close in 45 days from publication. Submissions may only be made by associations or class entities and must be submitted electronically in spreadsheet format, containing the information required in the announcement, to the e-mail address given in the announcement. Associations should list the products (with India’s tariff numbers) produced by their members that they believe can be commercialized in India. Submissions should indicate whether the products should be subject to a 100% preference (reductions up to 15 years) or a 40% immediate reduction (fixed) with the reasons for the choice. |
Brazil – SECEX opens public consultations on expansion of the Preferential Trade Agreement between MERCOSUR and India
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