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Ministry of Energy, Trade and Industry
Free Trade Agreements/Partnerships

MERCOSUR-Singapore FTA (MCSFTA)

The MERCOSUR-Singapore FTA (MCSFTA) is the first trade deal between the MERCOSUR Member States and Singapore, deepening economic integration between Singapore and the four South American economies, namely Argentina, Brazil, Paraguay and Uruguay.

About the MERCOSUR-Singapore FTA (MCSFTA)

Singapore and the four MERCOSUR Member States – Argentina, Brazil, Paraguay and Uruguay – signed the MERCOSUR-Singapore Free Trade Agreement (MCSFTA) in December 2023. The MCSFTA entered into force between Singapore and Paraguay on 1 February 2026; Singapore and Uruguay on 1 March 2026; Singapore and Brazil on 1 August 2026; and Singapore and Argentina on 1 November 2026.

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Minister for Foreign Affairs Dr Vivian Balakrishnan signing the MCSFTA, witnessed by Argentina President Alberto Fernández, Paraguay President Santiago Peña, Brazil President Luiz Inácio Lula da Silva, and Uruguay President Luis Lacalle Pou, at the signing ceremony for the MCSFTA in Rio de Janeiro, 7 December 2023.

Key Features of the MERCOSUR-Singapore FTA (MCSFTA)

The MCSFTA is the first trade deal between the MERCOSUR Member States and Singapore. Upon its entry into force, the MCSFTA will deepen economic integration between Singapore and the four South American economies by facilitating greater trade flows through lower tariff rates, establishing transparent and predictable investment conditions, and fostering cooperation in areas such as trade facilitation, food supply security, digitalisation, and SME development.

Trade in Goods

  • MERCOSUR will gradually eliminate import tariffs on approximately 96% of products over 15 years, offering immediate tariff free access for around 25% of products.

  • Rules of Origin: Singapore exporters can enjoy flexible rules of origin for their goods to qualify for preferential tariffs when imported by MERCOSUR state.

  • Customs Procedures and Trade facilitation: Simplified procedures and increased transparency, for more efficient clearance of goods.

Trade in Services and Investment

  • Singapore service suppliers enjoy market access and same treatment as MERCOSUR service suppliers, in sectors like computer, R&D and construction services.

  • Singapore companies can expect greater clarity in market entry conditions, and enhanced stability and predictability for investors and investments between MERCOSUR and Singapore.

Government Procurement

  • Singapore companies are ensured fair and non-discriminatory treatment in competing for government contracts, providing equal opportunity to access MERCOSUR Government Procurement market.

Micro, Small and Medium Enterprises (MSMEs)

  • Facilitate cooperation in capacity building to help Singapore MSMEs internationalise and develop entrepreneurial skills, easing the expansion of their products and solutions to the region.

E-Commerce

  • Promote digital trade facilitation, including electronic authentication and paperless trading. Enhance trust in the digital economy, such as through stronger online consumer protection.