Mercosur–EFTA agreement starts for Brazil and Iceland

The agreement began applying between Brazil and Iceland, with a later start stated for Brazil and Norway.

What happened

Brazil’s trade ministry reported that a decree incorporating the Mercosur–EFTA free trade agreement was published on 23 September 2026. The agreement began applying between Brazil and Iceland on 1 October 2026 and is set to apply between Brazil and Norway on 1 November 2026. The ministry said the start of preferential tariffs with Switzerland and Liechtenstein depends on those countries completing their domestic procedures. It also described tariff treatment for industrial, fishery and agricultural products. Traders should match the date to the EFTA partner involved and check the relevant product schedule and origin rules before seeking preferential treatment.

Key facts

• Brazil’s trade ministry is the authority named in the source.
• The decree was published on 23 September 2026, the announced date.
• The agreement applies between Brazil and Iceland from 1 October 2026.
• The stated Brazil–Norway start date is 1 November 2026.
• Start dates for Switzerland and Liechtenstein are not stated in the source.

What it means for traders

• Confirm the applicable start date for the EFTA partner involved in your shipment.
• Check the tariff schedule and origin rules for your goods before seeking preferential treatment.

What we don't know

• The source does not give start dates for Switzerland or Liechtenstein.
• Product-level tariff schedules were not checked by us.

Source

Brazilian Ministry of Development, Industry, Trade and Services. Announced: 23 September 2026.