RIO DE JANEIRO, BRAZIL - The estimate is from the National Confederation of Trade in Goods, Services and Tourism (CNC), which released yesterday, October 11th, a study on the subject during the 2nd Conference on International Trade and Services of Mercosur (CI19), held at the organization's headquarters, in Rio de Janeiro.
Considering the reduction of non-tariff barriers, the impact could reach US$112 billion in the period, according to the CNC.
The figures are slightly below those published by the Brazilian government, of US$87.5 billion and US$125 billion, including the non-tariff barriers in 15 years . . .