MERCOSUR Common Market Agreement (Treaty of Asunción 1991)

HEADLINE: Disparate tariffs and trade policies obstructed economic integration in South America.

Key Obligations

["MERCOSUR Certificate of Origin for preferential tariff treatment", "Product must meet MERCOSUR rules of origin", "Compliance with MERCOSUR Common External Tariff (CET)"]

Penalty Ranges

Loss of preferential tariff treatment; full duties payable

Affected HS Codes: ["All HS codes"]

Issuing Authority: MERCOSUR Secretariat