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Reading: Mercosur–EFTA deal takes effect for Brazil and Norway
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MacroHerald > Latest News > Economy > Trade & Tariffs > Mercosur–EFTA deal takes effect for Brazil and Norway
Trade & Tariffs

Mercosur–EFTA deal takes effect for Brazil and Norway

Enver Adıgüzel
Last updated: 12 November 2026 00:32
Enver Adıgüzel - Editor and Publisher
6 minutes ago
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The Mercosur–EFTA free trade agreement entered into force on 1 November 2026 in relations between Brazil and Norway, according to Brazil’s Ministry of Development, Industry, Trade and Services (MDIC). Under the deal, 99.8 percent of the value of Brazilian exports destined for the Norwegian market will have access under free trade conditions, product by product.

Contents
  • Which sectors gain
  • Compliance Costs remain

The agreement was signed in September 2025. It also involves Switzerland, Iceland and Liechtenstein. Application occurs bilaterally, as each country completes its internal procedures.

Which sectors gain

Apparel is among the main beneficiaries, with 249 tariff lines whose import duty becomes zero. Textiles, processed foods, vegetable oils and animal feed also stand to gain.

The Confederação Nacional da Indústria (CNI) identified about 300 export opportunities. They include coffee, aluminium, soybean meal, juices, machinery and equipment. Bilateral trade grew 84.8 percent over the last decade, and Brazilian exports rose 110.9 percent, per the CNI.

Compliance Costs remain

Experts stressed that tariffs are only part of the picture. Daniel Toledo, a lawyer specialising in international law, said: “Eliminating tariffs does not mean eliminating all difficulties in exporting.”

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Compliance requirements such as proof of origin and certifications still apply. Fabrício Bertini Pasquot Polido, an international law specialist and partner at L.O. Baptista Advogados, said: “For SMEs, the cost of information and compliance can be as relevant as the tariff itself.” Costs for laboratories, documentation and traceability could weigh most heavily on smaller firms.

Source: Brazil's Ministry of Development, Industry, Trade and Services (MDIC)

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TAGGED:brazileftafree trademercosurnorwaytariffs

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ByEnver Adıgüzel
Editor and Publisher
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Enver Adıgüzel is the editor and publisher of MacroHerald. He holds a degree in Economics from the Faculty of Economics and Administrative Sciences at Kırıkkale University and an MBA. He writes on central bank policy, currencies, government bond markets and the economic data that move them.
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