Chemical industry calls for current MERCOSUR rules to be respected in TEC revision

The joint document expresses concerns of domestic chemical firms in Brazil, Argentina, and Uruguay, which fear competition from abroad if tariffs are reduced.

RIO DE JANEIRO, BRAZIL - In a manifesto signed by companies from Brazil, Argentina, and Uruguay that make up the Mercosur Chemical Industry Council (Ciquim), the regional chemical industry is asking the authorities of the Southern Common Market (MERCOSUR) and its member countries to ensure that "any structured review process" of the Common External Tariff (TEC) respects the applicable rules.

The joint document, signed by the Brazilian Chemical Industry Association (Abiquim), the Uruguayan Chemical Industry Association (Asiqur), and the Cámara de la Industria Química y Petroquímica de Argentina (CIQyP), expresses the concern of industries in the three countries . . .

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