Economic Indicators

South American Mercosur bloc, Singapore conclude trade pact talks

2022.07.21 02:01

South American Mercosur bloc, Singapore conclude trade pact talks

BRASILIA (Reuters) – South American trade bloc Mercosur on Wednesday concluded talks on a trade pact with Singapore, Brazil’s Economy and Foreign Affairs Ministries said.

The agreement – finalized during a meting attended by the Mercosur bloc of countries, Argentina, Brazil, Uruguay and Paraguay, in Paraguay but not yet signed – addresses a variety of tariff and regulatory issues.

It also establishes commitments on financial services and on the transit of people between the countries.

The pact, which follows one struck earlier this year between Singapore and the Pacific Alliance of Colombia, Mexico, Peru and Chile, could increase Brazil’s GDP by 28.1 billion reais ($5.14 billion) between 2022 and 2041, said the Economy Ministry.

Brazilian President Jair Bolsonaro said in 2019 that he hoped Mercosur would strike deals with Singapore, as well as Canada and South Korea.

Investments by Singapore in the country could be boosted by 11.1 billion reais by 2041, while Brazil’s exports to the Asian country could grow by 21.2 billion reais, the ministry said.

The agreement will be submitted to legal evaluation and will be signed at a later date.

($1 = 5.4714 reais)

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 103,042.61 1.72%
ethereum
Ethereum (ETH) $ 2,321.27 11.69%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.35 4.42%
bnb
BNB (BNB) $ 635.94 2.79%
solana
Solana (SOL) $ 171.48 7.07%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.204338 7.34%
cardano
Cardano (ADA) $ 0.780239 5.87%
tron
TRON (TRX) $ 0.261665 2.74%
staked-ether
Lido Staked Ether (STETH) $ 2,320.11 11.74%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 103,033.61 1.68%
sui
Sui (SUI) $ 3.90 0.27%
chainlink
Chainlink (LINK) $ 15.95 3.68%
avalanche-2
Avalanche (AVAX) $ 23.09 8.55%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,792.20 12.00%
stellar
Stellar (XLM) $ 0.294897 4.04%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 7.23%
hedera-hashgraph
Hedera (HBAR) $ 0.200578 5.10%
hyperliquid
Hyperliquid (HYPE) $ 24.99 13.91%
the-open-network
Toncoin (TON) $ 3.27 2.91%
bitcoin-cash
Bitcoin Cash (BCH) $ 408.58 2.11%
leo-token
LEO Token (LEO) $ 8.75 0.74%
usds
USDS (USDS) $ 1.00 0.01%
litecoin
Litecoin (LTC) $ 98.99 6.84%
polkadot
Polkadot (DOT) $ 4.76 10.30%
weth
WETH (WETH) $ 2,316.51 11.42%
monero
Monero (XMR) $ 310.70 6.54%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,471.09 11.76%
bitget-token
Bitget Token (BGB) $ 4.48 0.84%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.05%
pepe
Pepe (PEPE) $ 0.000012 17.29%
pi-network
Pi Network (PI) $ 0.719884 12.91%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 103,003.60 1.67%
whitebit
WhiteBIT Coin (WBT) $ 30.33 1.00%
uniswap
Uniswap (UNI) $ 6.29 13.48%
bittensor
Bittensor (TAO) $ 427.06 2.76%
near
NEAR Protocol (NEAR) $ 2.88 10.35%
dai
Dai (DAI) $ 1.00 0.00%
aptos
Aptos (APT) $ 5.50 4.23%
okb
OKB (OKB) $ 53.71 2.05%
ondo-finance
Ondo (ONDO) $ 1.01 6.50%
aave
Aave (AAVE) $ 209.14 6.89%
susds
sUSDS (SUSDS) $ 1.05 0.00%
crypto-com-chain
Cronos (CRO) $ 0.101536 5.01%
ethereum-classic
Ethereum Classic (ETC) $ 19.03 6.47%
official-trump
Official Trump (TRUMP) $ 14.41 16.49%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
internet-computer
Internet Computer (ICP) $ 5.38 6.79%