Free Trade Agreement between MERCOSUR and the Republic of Singapore

The Free Trade Agreement between MERCOSUR and the Republic of Singapore establishes a comprehensive framework to deepen economic and trade relations between Argentina, Brazil, Paraguay, Uruguay, and Singapore. The agreement includes disciplines on national treatment and market access for goods, immediate and gradual tariff elimination, rules and certification of origin, customs procedures and trade facilitation, sanitary and phytosanitary measures, technical barriers to trade, trade remedies, safeguards, investment, trade in services, electronic commerce, government procurement, competition, intellectual property, geographical indications, transparency, micro, small and medium-sized enterprises, and dispute settlement. Singapore eliminates tariffs on all products exported by MERCOSUR upon entry into force, while MERCOSUR liberalizes 95.8 percent of its tariff lines through immediate commitments and gradual schedules. The agreement seeks to expand exports, increase investment, strengthen competitiveness, facilitate access to inputs and technologies, and improve the predictability of trade relations.