Argentina has agreed to support 10% Mercosur tariff reduction, says Brazil economy minister

According to Guedes, there was also an "important decision" that Brazil and Argentina will move toward the "cheap energy shock" by seeking infrastructure financing to bring Argentine gas from the Vaca Muerta reserve into the country.

RIO DE JANEIRO, BRAZIL - Brazilian economy minister, Paulo Guedes, said on Friday (6) that Argentina agreed to support a 10% reduction in the Mercosur Common External Tariff (TEC), a longstanding plea of Brazil that the minister sees as a way to provide relief from inflation.

After meeting with the Argentine chancellor, Santiago Andres Cafiero, Guedes said that Paraguay and Uruguay will now consider the tariff reduction.

According to him, there was also an "important decision" that Brazil and Argentina will move toward a "cheap energy shock" by seeking infrastructure financing to bring Argentine gas from the Vaca Muerta reserve into . . .

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