Brazil extends 9% wet blue duty to Mercosur states
28/05/2001
The move was prompted by the dramatic upsurge noted in wet blue exports to other Mercosur states since the duty was introduced – especially Uruguay and Paraguay. During January and February, exports of wet blue to the two countries soared by a massive 116% reaching 1.05 million units – the obvious inference being that most of these exports were ultimately destined for non-Mercosur states.