Singapore signs deal with Latin American bloc

Balakrishnan said: “This signing comes after more than four years of intensive negotiations." — AFP

SINGAPORE: Singapore has signed a ground-breaking free trade agreement with four South American nations.

The deal signed yesterday with Argentina, Brazil, Paraguay and Uruguay – a group known by the Spanish acronym Mercosur – is Singapore’s first trade pact with these states and the bloc’s first such deal with a South-east Asian nation.