Brazil, Paraguay sign free trade agreement for vehicle sectorChristian Fernsby ▼ | February 12, 2020
Brazil and Paraguay signed an agreement to boost trade of autos and auto parts between the two countries.
Auto industry Brazil will grant free trade treatment to Paraguayan automotive products
Topics: Brazil Paraguay trade vehicle
According to the Brazilian government, the agreement does not have an expiration date and will be valid for an indeterminate length of time.
The agreement is regarded as a positive signal for the Brazilian automotive sector, which has been suffering from an decrease of vehicle exports, mainly due to the prolonged economic crisis in Argentina, the sector's main market. ■