Decree No. 13.081 ratifying the Free Trade Agreement between the Southern Common Market (Mercosur) and the Republic of Singapore, signed by the Federative Republic of Brazil in Rio de Janeiro on 7 December 2023.

This Decree formally promulgates the Free Trade Agreement (FTA) between Mercosur and the Republic of Singapore for Brazil. The decree’s primary objective is to incorporate the agreement into Brazil’s legal framework following its approval by the National Congress and ratification by the Brazilian Government. By bringing the agreement into force, the decree seeks to strengthen economic and trade relations between Mercosur member States and Singapore, promoting greater market access, increasing trade flows, facilitating investment opportunities, and expanding economic cooperation between South America and Southeast Asia. The decree also ensures the domestic implementation of Brazil’s international commitments under the agreement while preserving constitutional oversight over any future amendments that may create new obligations or costs for the country. Through the entry into force of the Mercosur-Singapore FTA, Brazil aims to deepen regional and global economic integration, enhance the competitiveness of its exports, improve the predictability and transparency of trade relations, and foster a rules-based framework for commercial, economic and investment exchanges with one of Asia’s leading trade and logistics hubs.