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June 22, 2022
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ALADI formalized agreements between Uruguay and Brazil to deepen trade relations

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In line with the interest of Uruguay and Brazil to deepen their bilateral trade relations and promote transparency and legal certainty, both countries signed additional protocols 83 and 84 to their Partial Scope Agreement No. 2. These establish, the total tax relief and immediate to all the products included in the ACE 18 (MERCOSUR) that are produced in the free zones located in their territories, as well as carrying out controls to detect the presence of contaminants in the yerba mate, respectively.

The agreements, which will be in force for an indefinite period of time, were signed and protocolized at the headquarters of the Latin American Integration Association (ALADI).

Within the framework of the ALADI there are more than 100 agreements of this type in which two or more member countries participate and are of a diverse nature, from the promotion of trade, economic or agricultural complementation, among others.

The protocols will enter into force after the date on which the ALADI General Secretariat reports having received, from the two countries, the notification that the necessary formalities for their application have been completed.

Present at the signing ceremony were the Minister of Foreign Affairs of Uruguay, Francisco Bustillo; the Secretary General of ALADI, Sergio Abreu; as well as the Permanent Representatives of Brazil and Uruguay before ALADI and Mercosur, the ambassadors Antonio José Ferreira Simões and Ana Inés Rocanova Rodríguez, respectively.

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