South America bloc Mercosur agrees to extend exemptions to common external tariff

LXV Mercosur Summit in Montevideo
FILE PHOTO: Delegates and heads of state attend the Summit of Presidents of Mercosur Member and Associate States in Montevideo, Uruguay December 6, 2024. REUTERS/Martin Varela Umpierrez/File Photo
Source: REUTERS

The member nations of the South American Mercosur trade bloc said in a joint statement on Friday they have agreed to temporarily extend exemptions to the bloc's common external tariff, citing a "challenging international environment".

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