MERCOSUR-Singapore Free Trade Agreement enters into force for Singapore and Brazil.
The trade agreement between Singapore and the MERCOSUR bloc (comprising Brazil, Argentina, Paraguay, and Uruguay) has officially entered into force for Singapore and Brazil. The pact focuses on reducing tariffs, creating predictable investment environments, and increasing economic cooperation.
Why it mattersLawyers advising clients on cross-border trade or investment between Singapore and Brazil should review the new tariff rates and investment protections provided under the agreement.