Mercosur Customs Code Agreed at Last

11 August 2010

South America’s largest trade bloc, Mercosur finalised its customs code recently.

After years of negotiation, Mercosur (which consists of Brazil, Argentina, Uruguay and Paraguay) will become a genuine customs union with elements being be phased in over the next year and a half before fully taking effect in 2012.

The long standing sticking point was that Uruguay believed that the Mercosur block should impose export duties but Argentina, Brazil and Paraguay argued that each country should apply duties as they see fit. Uruguay eventually relented and each country will set its own rate.

It was also decided to eliminate by 2012 the double recovery of the common external tariff (AEC). Previously, non-Mercosur products were charged a tariff both when they entered the bloc and when they were re-exported to another Mercosur member.

Also agreed was a mechanism for the redistribution of customs revenue among members.

Browse Articles

By Category
Anti Dumping Classification Duty Relief General Origin Valuation
By Tag
By Date
2016 2015 2014 2013 2012 2011 2010 2009

Mailing List

To stay abreast of important news and announcements, join our monthly mailing list.

About Us

We established ITS back in 2001 on the principle of delivering clear and measurable value to the highest professional standards, something that I feel passionately about to this day.

Find out more

What We Do

We understand that you are having to do more with less resulting in long to-do lists, urgent deadlines and a growing pile of projects which could add value if you only had the time.

Find out more

Latest News

From the four building blocks (Origin, Classification, Valuation and Duty Reliefs) to Senior Accounting Officers and their responsibilities and the introduction of AEO.

Latest News