(Agencia CMA Latam) - Colombia's Automobile Manufacturing Society (Sofasa) and General Motors celebrated the updating of the Economic Complementary Agreement between Colombia and the Mercosur countries (Argentina, Brazil, Paraguay, and Uruguay), once it will allow increasing the country's exports to those markets at zero tariffs.
According to the agreement, Colombia will be able to export to Argentina up to 12,000 units of cargo and passenger vehicles and up to 30,000 units of light vehicles. To Brazil, Colombia will be able to export up to 50,000 units.
"For Colombia, the agreement with Mercosur and specifically the automotive agreement with Brazil and Argentina brings opportunities for new exports and creates opportunities to strengthen relations with both countries," said Daniel Bayona, General Motors vice-president for, government relations and communications.
The updating of the Economic Complementary Agreement between Colombia and the Mercosur was signed by the Minister of Commerce, Industry and Tourism, María Claudia Lacouture. In addition to the automotive sector, the agreement benefits textiles, clothing, agrochemicals and plastics industries.
by Agencia CMA Latam
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