RIO DE JANEIRO, BRAZIL - Despite celebrating the Mercosur-European Union agreement, the Brazilian association of automakers (Anfavea) believes that the end of the import tax on cars made in the European bloc could be a threat to the automotive industry, and called for a "race against time" for competitiveness.
The pact has no set date to become effective. To Anfavea, this should take two years. When it comes into force, European vehicles will see their tariffs . . .
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