Singapore deepens Latin America ties as MERCOSUR trade pact takes effect for Brazil

The agreement comes as Singapore and Brazil prepare to mark 60 years of diplomatic relations in 2027.

President Lee Jae Myung is set to meet Argentine President Javier Milei on Friday to forge a supply-chain partnership on critical minerals and seek fresh momentum for stalled South Korea-Mercosur trade negotiations. Lee arrived in Buenos Aires late Thursday for a three-day official visit to Argentina, the first by a So

Brazil on Saturday will implement the free trade agreement between Mercosur and Singapore, the bloc's first trade pact with a Southeast Asian country.

The Mercosur–Singapore agreement takes effect next Saturday (Aug. 1) and should gradually reduce or eliminate tariffs between Singapore and the South American bloc. The agreement guarantees zero tariffs on all Brazilian exports to Singapore. The agreement also establishes common criteria for trade operations. Notícias

Brazil · Trade Key Facts —Effective date. The agreement enters into force for Brazil on 1 August 2026. —Tariff treatment. Singapore will apply zero tariffs on 100 percent of Brazilian exports immediately upon entry into force. —Mercosur timeline. Mercosur will eliminate tariffs on roughly 95.8 to 96 percent of goods ov