Argentina narrows duty-free cars from Brazil

Newswire

BUENOS AIRES, Argentina, June 26 (Reuters) - Argentina and Brazil signed a two-year agreement on car trade on Monday that narrows the proportion of duty-free vehicles that enter Argentina from its larger car-producing neighbor. Under the new deal each country will allow $195 worth of duty-free car imports for every $100 worth of exports to the other country. The previous agreement allowed $260 worth of imports per $100 worth of exports. "It's a balanced deal that benefits both ...

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