Egypt-Brazil sales up 74% with Mercosur agreement

São Paulo – Exports from Egypt to Brazil climbed 73.9% ever since Egypt reached a free trade agreement with the Mercosur in September 2017. Exports from Brazil to Egypt, on the other hand, were up 21.1%, as per a survey from Brazil’s National Confederation of Industry (CNI).

The agreement had its third anniversary on September 1st, 2020. Over 2,000 items have been made tariff-free in Mercosur-Egypt trade. As of this month, tariffs will be lifted on 463 items from Egypt to Mercosur, and 719 items from the Mercosur to Egypt.


Via Brazil-Arab News Agency


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