RIO DE JANEIRO, BRAZIL - By year-end, Brazil-led MERCOSUR is expected to sign a free trade agreement with Singapore, the country with the world's 3rd highest per capita GDP in purchasing power parity and one of the largest export centers in Asia, with the 5th largest global port.
Brazil's trade with Singapore has been growing significantly. In 2020, the country ranked 12th among the main destinations for Brazilian exports. This year it climbed to 8th place, ahead of countries such as Germany and Mexico.
"The agreement should represent an increase in trade with Singapore and an important . . .
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