Venezuela - Brazil Partial Economic Agreement

The Partial Economic Agreement between Brazil and Venezuela entered into force on 2014, fully or partially eliminating import tariff for most energy products and technologies, including: 

• Electric motors, turbines and generators; 
• Mechanical equipment including pumps, appliances, and other advanced machinery; 
• Electric accumulators, transformers, capacitors, batteries; 
• Motor vehicles; 
• Mineral ore, slag and ash; 
• Mineral fuels, oils and other products; 
• Metals and their articles e.g. iron and steel; 
• Semiconductors devices and photovoltaic cells;

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 specific conditions provided by the agreement.

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