BRAZIL: EU May Scrap Textile Import Tariffs
EU import quotas on Brazilian textiles are set to be scrapped in a deal that will see the South American country freeze its import duties on textiles and garments made in Europe. The move, which may 10 import quotas scrapped immediately, follows fears in Brussels that Brazil could raise its textile tariffs to 35 per cent from the existing 4-20 per cent range.
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