Brazil-Venezuela Commercial Agreement

The Commercial Agreement between Venezuela and Brazil entered into force on 2012, fully or partially eliminating import tariff for most energy products and technologies, including: 

• Agglomerated and reduced iron;
• Alumina, scrap metal, ammonia, crude steel;
• Aluminium, nitrogen fertilizers, solar PV modules, solar cells, solar wafers;
• Polysilicon, battery packs, battery cells; 
• Anodes and cathodes, electrolysers, heat pumps; 
• Electric vehicles, ICE cars, among other technologies;

Rules of origin delineated in the Agreement include provisions preventing goods only undergoing minimal transformations in one of the signatory countries or incorporating materials of external origin with certain conditions established by the Agreement.

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