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EFTA Seeks Stronger Ties With Mercosur

by Mike Godfrey, Tax-News.com, Washington

27 April 2015


A delegation from the European Free Trade Association (EFTA) Parliamentary Committee visited Brazil from April 15 to 17, 2015, to discuss stronger trade relations between EFTA and the Latin American trade bloc Mercosur.

The delegation met with the Ministry of Development, Industry, and Foreign Trade, the Ministry of Foreign Affairs, and representatives from the Brazilian Parliament and business community.

Brazil is the largest economy in Latin America and currently holds the presidency of Mercosur, which was established to promote free trade between its member states – Argentina, Paraguay, Uruguay, and Venezuela.

Mercosur is EFTA's most important trading partner in Latin America, and trade and investments between EFTA and Mercosur have increased progressively over the last decade.

EFTA was set up in 1960 with the immediate aim of providing a framework for the liberalization of trade in goods among its member states – Iceland, Liechtenstein, Norway, and Switzerland.

TAGS: tax | investment | business | Iceland | Paraguay | Uruguay | Venezuela | export duty | tariffs | Liechtenstein | Norway | agreements | Brazil | Switzerland | import duty | trade | Argentina | free trade zone | Europe

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