EUROPE: EU & Brazil Agree Vital Textile Trade Deal
Officials from the European Union and Brazil on Thursday agreed terms on a plan aimed at "significantly" boosting access for textiles and clothing on each other's markets. The memorandum of understanding will give Brazil better access to the EU by removing the quotas on its textiles and clothing exports, while in return Brazil will respect maximum tariff levels and refrain from applying any non-tariff barriers to EU textile and clothing exports.
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