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Brazil Emerges as One of Mexico's Biggest Automotive Competitors, an Industrial Info Market Brief

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Industry Segment: Market Brief | Word Count: 188 Words
Attachment: Brazil auto 0719

Brazil's pending free-trade agreement with the European Union (EU) is expected to create tough competition for Mexico's automotive market. While Brazil does not charge tariffs for cars and auto parts made in Argentina and Mexico, the nation imposes a 35% tariff on cars, and between 14% and 18% for auto parts, from the EU.

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