The new Mercosur Origin Regime (ROM) was approved on Tuesday (4) during the bloc’s summit meeting in Puerto Iguazú, Argentina. The new text adopts international best practices, simplifies current standards, and enhances the agility of the verification and origin control mechanism. One of the changes in the ROM is a 5% increase in the limit of imported inputs for a product to be considered of Brazilian origin. Therefore, a maximum of 45% of the raw materials can be purchased outside Mercosur for a product to be considered national. This flexibility applies to 100% of industrial products and 80.5% of agricultural products, while the remaining 19.5% maintains the percentage at 40%. Argentina has the same rule as Brazil, while Paraguay and Uruguay have limits on imported inputs of 60% and 50%, respectively.
Source: Datamar News