News

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.

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