July 30, 2026
By ABr
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.
In addition to reducing tariffs, the pact expands access to the services market, encourages investment, and includes a specific chapter on e-commerce – the first negotiated by Mercosur with a partner outside the region.
The agreement with Singapore has been in effect in Uruguay since March and in Paraguay since February.
In 2025, trade between Brazil and Singapore reached USD 10.7 billion. Brazilian exports totaled USD 7.4 billion, resulting in a trade surplus of USD 4.1 billion. Among the main products exported are fuel oils, machinery, and beef, pork, and poultry.
The Brazilian government has made manuals available to provide guidance to exporters, importers, and foreign trade operators. They can be found on the Siscomex Portal.
Included are the rules for applying tariff preferences, the criteria for determining the origin of goods, and the procedures required to conduct foreign trade operations.
The accord was signed in 2022, and the Brazilian government’s expectation at the time was to increase the GDP by BRL 28.1 billion by 2041.
Negotiated since 2018, the agreement with Singapore is likely to boost Mercosur’s exports to the Asian country by USD 500 million per year.
About ABr
Agência Brasil (ABr) is the national public news agency, run by the Brazilian government. It is a part of the public media corporation Empresa Brasil de Comunicação (EBC), created in 2007 to unite two government media enterprises Radiobrás and TVE (Televisão Educativa).
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