Singapore Signs FTA With MERCOSUR Bloc

Singapore signed a free trade agreement with the MERCOSUR trade bloc, which includes Brazil, Paraguay, Argentina, and Uruguay. This is Singapore’s first FTA with these countries and with the Mercosur bloc.

The deal is expected to boost trade, with over 100 Singaporean companies already operating in the MERCOSUR markets. The agreement includes flexible rules for the origin of goods and fair treatment for companies competing for government contracts.

Singapore’s Free Trade Agreement with MERCOSUR

Singapore has entered into a free trade agreement with the MERCOSUR trade bloc, which includes Brazil, Paraguay, Argentina, and Uruguay. This marks Singapore’s first FTA with both the individual countries and the Mercosur bloc as a whole. Notably, Venezuela’s membership in the bloc was suspended in 2016.

Trade and Economic Potential

The MERCOSUR bloc has a collective population exceeding…