Mercosur – Singapore Trade Agreement
Unbeatable agreement
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Sao Paulo, 29 July 2026– The Mercosur–Singapore Free Trade Agreement officially entered into force for Brazil on August 1, 2026, guaranteeing zero-tariff access for 100% of Brazilian exports to Singapore.
Following its earlier implementation in Uruguay and Paraguay, the pact establishes common operational standards to improve trade predictability and fluidity.
Beyond duty elimination, this landmark agreement expands market access for the services sector, promotes mutual investment and features Mercosur’s first dedicated chapter on e-commerce with a partner outside the region to facilitate secure digital trade.
Singapore acts as a premier global financial and logistics hub, providing Mercosur with a strategic gateway into wider Asian markets. In 2025, bilateral trade between Brazil and Singapore reached $10.7 billion, with Brazilian exports totaling $7.4 billion – yielding a $4.1 billion trade surplus driven by shipments of fuel oils, industrial machinery, poultry, beef and pork.
Tapping into Singapore’s world-class port infrastructure enables Brazilian companies to diversify their export footprint across fast-growing Asian economies.
From a macro perspective, the Brazilian government projects that the agreement will add $5.5 billion – to Brazil’s Gross Domestic Product (GDP) by 2041, while boosting total Mercosur exports to Singapore by an estimated $500 million annually.
To help businesses take full advantage of these preferential terms, Brazil’s government has published comprehensive technical guides on the SISCOMEX Portal covering rules of origin, duty preference compliance and streamlined customs procedures.
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