Brazil and Argentina Renew Automotive Deal Through 2020

A deal between the South American giants, which was to expire this Friday, June 30, has been renewed through 2020, according to the country's Minister of Industry, Commerce and Services.

The deal predicts that for each untaxed dollar that Argentina exports to Brazil in auto parts and vehicles, the country can import 1.5 dollars in Brazilian products.

Both countries are members of Mercosul and are major trade partners.

Read more at Globo (in Portuguese) Brazil and Argentina Continue Automotive Agreement