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Argentina and Brazil ratify elimination of double taxation for services

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Argentina and Brazil ratified this Sunday (11.12.2017) the agreement to eliminate double taxation in the exchange of services, the opening of the Brazilian market for citrus fruits from Argentina and the changes in Argentine regulations for the low voltage electrical equipment sector.

The agreement was ratified by the Ministers of Production of both countries, Francisco Cabrera and Marcos Pereira, within the framework of the Ministerial Summit of the World Trade Organization (WTO) in Buenos Aires through a report submitted to Presidents Macri and Temer, which lists the results achieved during the current administration.

The document presented highlights that "a greater dialogue and convergence between the governments of both countries on economic and commercial issues, at the bilateral, regional and multilateral levels."

In addition, the Bilateral collaboration on technical, sanitary and phytosanitary regulations, with the aim of mitigating obstacles and facilitating trade between both countries, as well as positioning Brazilian and Argentine exports more competitively in the international market.

Among the results, it is worth highlighting the realization in October 2017 of Brazilian startups missions in Buenos Aires, as well as Argentine ones in São Paulo, initiatives that will contribute to a greater connection between the two main startup ecosystems in South America and to the emergence of opportunities for economies of scale for startups in both countries.

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Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.

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