Brazil and Argentina discuss regulatory convergence on automotive sector
The Brazilian Ministries of Industry, Foreign Trade and Services (MDIC) and Foreign Affairs (Itamaraty) have signed an agreement with the Argentine Ministry of Production establishing the basis for a future unification of technical rules for the production of light and heavy vehicles. The Memorandum of Understanding (MoU) was signed last Friday (24 August) in Brasilia.
The document establishes rules to be harmonised on safety, noise and polluting gas emissions, energy efficiency and auto part specifications. Brazil and Argentina have 180 days to begin the process of unified technical specifications, which will be conducted by a specific Working Group. When the deadline expires, the two countries are expected to inform when the adjustments will come into effect.
The expectation is for cost savings and improvements in the standards for the sector. According to MDIC, the initiative will facilitates and promote the sustainable development of industry and bilateral trade by avoiding possible undesirable restrictions.
Source: Ministry of Industry, Foreign Trade and Services (MDIC)