By Philip Blenkinsop

BRUSSELS (Reuters) -The following are details of a trade accord between the EU and South America’s Mercosur bloc. The European Commission is set to formally propose the deal on Wednesday for approval by the EU’s parliament and member states.

TARIFF CUTS, LARGER FARM PRODUCE QUOTAS

Mercosur will remove duties on 91% of EU exports, including for cars from a current 35% over a period of 15 years. The EU will progressively remove duties on 92% of Mercosur exports over a period of up to 10 years.

Mercosur will also remove duties on EU agriculture-based products, such as the 17% on wines and 20-35% on spirits.

For more sensitive farm products, the EU will offer increased quotas, including 99,000 metric tons more beef, while Mercosur will give the EU a duty-free 30,000-t

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