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Brazil Lowers Duties on 49 Chemicals

As provided under Mercosur Common Market Group Resolution 58/2018, Brazil has implemented a decision by Mercosur to lower from 10, 12 or 14 percent to two percent its most-favoured nation import duty on 49 chemical substances classified within HS Chapters 28 and 29. According to Brazilian authorities, this action is the result of a consensus between the domestic manufacturing sectors of Brazil, Argentina and Uruguay.

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