RIO DE JANEIRO, BRAZIL - As of Thursday, September 2, vehicles and parts assembled in Argentina, Paraguay and Uruguay will no longer require an import license to enter Brazil, the Ministry of Economy said. Inspections will be performed later which, according to the Ministry, will make the importation faster and cheaper.
The change will not affect the Brazilian automotive sector because, currently vehicles and automotive products from MERCOSUR countries are subject to tariff quotas established in trade agreements.
The quantity of cars entering the country, therefore, will not change. Only the process will be faster and less bureaucratic.
In a statement . . .