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Jul
8th

Brazil and Argentina renew automotive accord

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After negotiations over previous months, the governments of Brazil and Argentina concluded talks on sector trade within Mercosur late in June. Once again, the Brazilian position was for free trade, as predicted since 2000, but always postponed at Argentine negotiators' request as this was seen to Brazil's trade balance advantage. Several postponements followed and even a regime of reciprocal value quotas was set at one point.
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