Overview
- Brazil deposited its instrument of ratification with Paraguay, concluding the country's domestic approval process for the Mercosul–Singapore agreement.
- Under the treaty's bilateral entry-into-force rule, the pact will begin to apply to Brazil when the agreement's activation conditions are met.
- The deal eliminates tariffs on 100% of Brazilian exports to Singapore, giving immediate preferential market access to exporters across key sectors.
- Bilateral trade reached US$10.7 billion in 2025 with a US$4.1 billion surplus for Brazil and exports of US$7.4 billion led by fuel oils, machinery and equipment, and poultry, pork and beef.
- Government officials say the pact, together with pending Mercosul agreements with the EU and EFTA, would raise the share of Brazilian trade covered by preferential deals from about 12% to roughly 31.2%, a shift that could boost exporters and attract investment.