Brazil promulgates Mercosul-EFTA free trade agreement

Brazilian President Lula signed a decree promulgating the Mercosul-EFTA free trade agreement, formalizing the deal with Iceland, Liechtenstein, Norway, and Switzerland. The agreement, signed in September 2025, is now in force domestically, though implementation timelines and tariff reduction schedules remain to be detailed. This move strengthens Brazil's trade integration with Europe and could boost bilateral investment flows.