Agreements on Trade in Cars Between Mexico and Brazil, Argentina Take Effect
Agreements on trade in cars and light passenger vehicles between Mexico and Argentina and Mexico and Brazil took effect March 19, according to a release from the Mexican Secretary of Economy. For Argentina, beginning in 2019, quotas will rise annually…
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starting at 10 percent in the first year, and 5 percent each year in the second and third years. For Brazil, trade will begin March 19 with an “ICR” of 40 percent, with work continuing on a new formula for the quota, Mexico said.