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2 S ão Paulo – The trade of automobiles, light commercial vehicles and parts will be exempted of import duties as of Tuesday 19, when the free trade for vehicles agreement between the two countries kicks in. According to an industry source the two administrations decided to upkeep the terms of the agreement signed in 2015 – the Economy Ministry advanced no details until the closing of this material. There was a modification in the rule concerning local product content, which was raised from 35% to 40%. In other words, for a vehicle to cross the border without incurring in import duties it is imperative that at least Brasil and Mexico have free trade in vehicles EXTERNAL TRADE By AutoData Newsroom