“The Signatory State Parties of MERCOSUR (the Republic of Argentina, the Federative Republic of Brazil, the Republic of Paraguay and the Oriental Republic of Uruguay) and the EFTA States (Iceland, the Principality of Liechtenstein, the Kingdom of Norway and the Swiss Confederation) signed a Free Trade Agreement (FTA) on 16 September 2025 in Rio de Janeiro, Brazil.

The MERCOSUR–EFTA FTA was signed for MERCOSUR by Minister of Foreign Affairs, International Trade and Worship Gerardo Werthein of Argentina, Minister of Foreign Affairs Mauro Vieira of Brazil, Minister of Foreign Affairs Mario Lubetkin of Uruguay, and Vice Minister of Economic Relations and Integration of Paraguay Patricia Frutos. For EFTA, the signatories were Vice President Guy Parmelin of Switzerland, Minister of Culture, Innovation and Higher Education, Logi Már Einarsson for Iceland, Minister of Trade and Industry Cecilie Myrseth of Norway, and Ambassador Frank Buechel on behalf of Liechtenstein.

The FTA will create a free trade zone of almost 300 million people and a combined GDP of more than USD 4.3 trillion. Both sides will benefit from improved market access for more than 97% of their exports, which will increase bilateral trade and translate into benefits for businesses and individuals.”

From MERCOSUR.