IBOV 177,310.14 ▼ 0.13% IPSA 11,009.22 ▲ 0.50% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,379,771 — 0.00% COLCAP 2,297.00 ▼ 0.19% BVL PERÚ 57,575.02 — — USD/BRL5.08▲ 0.56% USD/MXN17.53▲ 0.81% USD/CLP947.24▲ 1.24% USD/COP3,230▲ 0.07% USD/PEN3.40▼ 0.10% USD/ARS1,487▲ 0.30% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP57.95▼ 0.09% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 0.30% BRENT 86.92 ▼ 7.60% WTI 91.65 ▲ 5.55% IRON ORE 161.91 — — COPPER 6.38 ▼ 1.12% GOLD 4,048 ▼ 2.38% SILVER 57.96 ▼ 3.44% SOY 1,244 ▲ 0.91% CORN 486.00 ▲ 5.19% WHEAT 699.50 ▼ 0.89% COFFEE 314.40 ▼ 0.71% SUGAR 14.76 ▲ 0.14% ORANGE JUICE 146.75 ▼ 2.36% COTTON 81.49 ▲ 2.03% COCOA 5,180 ▼ 2.78% BEEF 220.75 ▼ 1.10% CATTLE 338.68 ▼ 0.73% LITHIUM 69.37 ▲ 0.54% PETR4 43.37 ▲ 1.86% VALE3 76.89 ▲ 2.38% ITUB4 42.83 ▼ 0.16% BBDC4 18.97 — 0.00% ABEV3 16.10 ▼ 0.19% BBAS3 21.01 ▼ 0.38% B3SA3 15.76 ▼ 0.88% WEGE3 45.86 ▼ 1.88% PRIO3 61.04 ▲ 2.12% SUZB3 42.50 ▼ 0.38% RENT3 36.87 ▼ 0.73% AZZA3 17.41 ▼ 2.25% CSAN3 3.92 — 0.00% RAIZ4 0.28 ▲ 3.70% PCAR3 2.75 — 0.00% GMAT3 3.88 ▼ 0.77% PSSA3 55.46 ▲ 0.02% CVCB3 1.26 ▼ 0.79% POSI3 3.69 ▼ 0.27% SLCE3 14.01 ▲ 0.36% NATU3 8.69 ▲ 0.12% BRKM5 6.25 ▲ 2.97% RANI3 7.99 ▼ 0.13% CSNA3 5.50 ▲ 2.23% CMIN3 5.71 ▼ 2.23% USIM5 8.68 ▲ 0.35% GGBR4 24.29 ▲ 0.96% ENEV3 25.67 ▼ 1.16% CPFE3 46.43 ▼ 0.60% CMIG4 11.17 ▼ 0.36% EQTL3 38.85 ▼ 1.27% LREN3 13.47 ▼ 0.52% VIVT3 35.23 ▼ 0.42% RAIL3 13.78 ▲ 1.03% KLABIN 17.87 ▼ 0.33% RAIA DROGASIL 18.62 ▲ 1.80% RDOR3 33.70 ▼ 2.29% HAPV3 10.99 ▼ 3.51% FLRY3 16.61 ▼ 0.24% SMTO3 16.16 ▲ 0.69% UGPA3 33.21 ▲ 1.16% VBBR3 35.56 ▲ 1.66% BBSE3 42.29 ▼ 0.68% BPAC11 56.33 ▼ 1.21% CURY3 29.68 ▼ 1.72% AERI3 2.05 — 0.00% VIVARA 21.78 ▲ 1.07% COMPASS 24.94 ▲ 0.52% VAMOS 3.20 ▼ 0.93% SANB11 26.87 ▼ 0.30% ASAI3 8.25 ▼ 1.79% SBSP3 28.70 ▼ 2.01% WALMEX 47.82 ▼ 1.71% GMEXICO 213.90 ▼ 0.52% FEMSA 227.48 ▼ 0.11% CEMEX 22.05 ▼ 0.54% GFNORTE 190.70 ▼ 0.48% BIMBO 59.84 ▼ 0.76% TELEVISA 9.73 ▼ 0.92% AMX 22.77 ▲ 0.35% GAP 377.50 ▲ 0.20% ASUR 270.55 ▼ 1.09% OMA 229.60 ▲ 0.39% KOF 183.34 ▲ 0.38% GRUMA 276.24 ▼ 1.50% KIMBER 38.95 ▲ 0.33% SQM-B 66,350 ▲ 1.99% COPEC 6,500 ▼ 0.76% BSANTANDER 79.84 ▼ 0.01% FALABELLA 6,037 ▼ 0.09% ENELAM 84.71 ▲ 0.21% CENCOSUD 2,000 ▼ 0.49% CMPC 1,067 ▼ 0.27% BANCO CHILE 193.50 — 0.00% LATAM AIR 23.53 ▼ 2.32% YPF 82,500 — 0.00% GGAL 8,275 — 0.00% PAMPA 5,625 — 0.00% TXAR 668.00 — 0.00% ALUAR 974.00 — 0.00% TGS 9,905 — 0.00% CEPU 2,411 — 0.00% MIRGOR 16,925 ▲ 0.89% COME 43.14 — 0.00% LOMA NEGRA 3,810 — 0.00% BYMA 295.50 — 0.00% TELECOM ARG 4,420 — 0.00% ECOPETROL 16.81 ▲ 0.72% BANCOLOMBIA 84.76 ▲ 0.12% GRUPO AVAL 4.97 ▼ 1.39% CREDICORP 389.35 ▼ 1.10% SOUTHERN COPPER 189.17 ▼ 3.23% BUENAVENTURA 31.35 ▼ 2.31% MERCADOLIBRE 1,781 ▼ 1.04% NUBANK 14.39 ▼ 0.86% XP 17.27 ▼ 0.17% PAGSEGURO 9.54 ▼ 1.35% STONE 11.14 ▼ 1.98% GLOBANT 29.91 ▼ 2.48% TECNOGLASS 44.45 ▼ 1.70% GAP AIRPORT 216.06 ▼ 0.68% ASUR 270.55 ▼ 1.09% OMA AIRPORT 103.83 ▼ 1.44% AMX ADR 26.00 ▼ 0.46% FEMSA ADR 129.99 ▼ 0.71% CEMEX ADR 12.58 ▼ 1.10% PETROBRAS ADR 19.23 ▲ 1.80% VALE ADR 15.12 ▲ 1.83% ITAU ADR 8.43 ▼ 0.59% SANTANDER BR 5.41 ▼ 0.78% AMBEV ADR 3.14 — 0.00% CSN 1.11 ▲ 1.38% GERDAU 4.79 ▲ 0.31% LATAM ADR 50.02 ▼ 2.43% BTC 64,853 ▼ 1.89% ETH 1,899 ▼ 1.80% SOL 76.68 ▼ 1.57% XRP 1.11 ▼ 2.58% BNB 566.24 ▼ 0.79% ADA 0.17 ▼ 1.61% DOGE 0.07 ▼ 3.51% AVAX 6.43 ▼ 2.83% LINK 8.50 ▼ 1.43% DOT 0.81 ▼ 2.30% LTC 46.71 ▼ 0.77% BCH 214.34 ▼ 2.56% TRX 0.33 ▼ 0.69% XLM 0.18 ▼ 2.75% HBAR 0.07 ▼ 1.13% NEAR 1.88 ▲ 0.75% ATOM 1.44 ▼ 2.08% AAVE 96.24 ▼ 1.15% SELIC 14.25% EMBRAER 83.40 ▼ 0.47% EMBRAER ADR 65.51 ▼ 0.82% JBS 12.16 ▼ 0.73% JBS BDR 61.74 ▼ 0.10% MBRF3 16.12 ▲ 0.56% MBRFY 3.14 ▼ 1.57% INTER 5.55 ▼ 2.55% EGX 53,932 ▼ 0.11% USD/ZAR16.75▲ 2.14% USD/NGN1,366▼ 0.48% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY163.93▲ 0.48% 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2.38% SILVER 57.96 ▼ 3.44% SOY 1,244 ▲ 0.91% CORN 486.00 ▲ 5.19% WHEAT 699.50 ▼ 0.89% COFFEE 314.40 ▼ 0.71% SUGAR 14.76 ▲ 0.14% ORANGE JUICE 146.75 ▼ 2.36% COTTON 81.49 ▲ 2.03% COCOA 5,180 ▼ 2.78% BEEF 220.75 ▼ 1.10% CATTLE 338.68 ▼ 0.73% LITHIUM 69.37 ▲ 0.54% PETR4 43.37 ▲ 1.86% VALE3 76.89 ▲ 2.38% ITUB4 42.83 ▼ 0.16% BBDC4 18.97 — 0.00% ABEV3 16.10 ▼ 0.19% BBAS3 21.01 ▼ 0.38% B3SA3 15.76 ▼ 0.88% WEGE3 45.86 ▼ 1.88% PRIO3 61.04 ▲ 2.12% SUZB3 42.50 ▼ 0.38% RENT3 36.87 ▼ 0.73% AZZA3 17.41 ▼ 2.25% CSAN3 3.92 — 0.00% RAIZ4 0.28 ▲ 3.70% PCAR3 2.75 — 0.00% GMAT3 3.88 ▼ 0.77% PSSA3 55.46 ▲ 0.02% CVCB3 1.26 ▼ 0.79% POSI3 3.69 ▼ 0.27% SLCE3 14.01 ▲ 0.36% NATU3 8.69 ▲ 0.12% BRKM5 6.25 ▲ 2.97% RANI3 7.99 ▼ 0.13% CSNA3 5.50 ▲ 2.23% CMIN3 5.71 ▼ 2.23% USIM5 8.68 ▲ 0.35% GGBR4 24.29 ▲ 0.96% ENEV3 25.67 ▼ 1.16% CPFE3 46.43 ▼ 0.60% CMIG4 11.17 ▼ 0.36% EQTL3 38.85 ▼ 1.27% LREN3 13.47 ▼ 0.52% VIVT3 35.23 ▼ 0.42% RAIL3 13.78 ▲ 1.03% KLABIN 17.87 ▼ 0.33% RAIA DROGASIL 18.62 ▲ 1.80% RDOR3 33.70 ▼ 2.29% HAPV3 10.99 ▼ 3.51% FLRY3 16.61 ▼ 0.24% SMTO3 16.16 ▲ 0.69% UGPA3 33.21 ▲ 1.16% VBBR3 35.56 ▲ 1.66% BBSE3 42.29 ▼ 0.68% BPAC11 56.33 ▼ 1.21% CURY3 29.68 ▼ 1.72% AERI3 2.05 — 0.00% VIVARA 21.78 ▲ 1.07% COMPASS 24.94 ▲ 0.52% VAMOS 3.20 ▼ 0.93% SANB11 26.87 ▼ 0.30% ASAI3 8.25 ▼ 1.79% SBSP3 28.70 ▼ 2.01% WALMEX 47.82 ▼ 1.71% GMEXICO 213.90 ▼ 0.52% FEMSA 227.48 ▼ 0.11% CEMEX 22.05 ▼ 0.54% GFNORTE 190.70 ▼ 0.48% BIMBO 59.84 ▼ 0.76% TELEVISA 9.73 ▼ 0.92% AMX 22.77 ▲ 0.35% GAP 377.50 ▲ 0.20% ASUR 270.55 ▼ 1.09% OMA 229.60 ▲ 0.39% KOF 183.34 ▲ 0.38% GRUMA 276.24 ▼ 1.50% KIMBER 38.95 ▲ 0.33% SQM-B 66,350 ▲ 1.99% COPEC 6,500 ▼ 0.76% BSANTANDER 79.84 ▼ 0.01% FALABELLA 6,037 ▼ 0.09% ENELAM 84.71 ▲ 0.21% CENCOSUD 2,000 ▼ 0.49% CMPC 1,067 ▼ 0.27% BANCO CHILE 193.50 — 0.00% LATAM AIR 23.53 ▼ 2.32% YPF 82,500 — 0.00% GGAL 8,275 — 0.00% PAMPA 5,625 — 0.00% TXAR 668.00 — 0.00% ALUAR 974.00 — 0.00% TGS 9,905 — 0.00% CEPU 2,411 — 0.00% MIRGOR 16,925 ▲ 0.89% COME 43.14 — 0.00% LOMA NEGRA 3,810 — 0.00% BYMA 295.50 — 0.00% TELECOM ARG 4,420 — 0.00% ECOPETROL 16.81 ▲ 0.72% BANCOLOMBIA 84.76 ▲ 0.12% GRUPO AVAL 4.97 ▼ 1.39% CREDICORP 389.35 ▼ 1.10% SOUTHERN COPPER 189.17 ▼ 3.23% BUENAVENTURA 31.35 ▼ 2.31% MERCADOLIBRE 1,781 ▼ 1.04% NUBANK 14.39 ▼ 0.86% XP 17.27 ▼ 0.17% PAGSEGURO 9.54 ▼ 1.35% STONE 11.14 ▼ 1.98% GLOBANT 29.91 ▼ 2.48% TECNOGLASS 44.45 ▼ 1.70% GAP AIRPORT 216.06 ▼ 0.68% ASUR 270.55 ▼ 1.09% OMA AIRPORT 103.83 ▼ 1.44% AMX ADR 26.00 ▼ 0.46% FEMSA ADR 129.99 ▼ 0.71% CEMEX ADR 12.58 ▼ 1.10% PETROBRAS ADR 19.23 ▲ 1.80% VALE ADR 15.12 ▲ 1.83% ITAU ADR 8.43 ▼ 0.59% SANTANDER BR 5.41 ▼ 0.78% AMBEV ADR 3.14 — 0.00% CSN 1.11 ▲ 1.38% GERDAU 4.79 ▲ 0.31% LATAM ADR 50.02 ▼ 2.43% BTC 64,853 ▼ 1.89% ETH 1,899 ▼ 1.80% SOL 76.68 ▼ 1.57% XRP 1.11 ▼ 2.58% BNB 566.24 ▼ 0.79% ADA 0.17 ▼ 1.61% DOGE 0.07 ▼ 3.51% AVAX 6.43 ▼ 2.83% LINK 8.50 ▼ 1.43% DOT 0.81 ▼ 2.30% LTC 46.71 ▼ 0.77% BCH 214.34 ▼ 2.56% TRX 0.33 ▼ 0.69% XLM 0.18 ▼ 2.75% HBAR 0.07 ▼ 1.13% NEAR 1.88 ▲ 0.75% ATOM 1.44 ▼ 2.08% AAVE 96.24 ▼ 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Politics - Brazil Mercosur-EU trade deal

Brazil Challenges EU’s Forest Fire Focus in Mercosur Trade Talks

By · October 9, 2024 · 2 min read

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President Luiz Inácio Lula da Silva of Brazil voiced his concerns about the European Union’s approach to trade negotiations. He criticized the EU’s attempt to include forest fires in the ongoing trade talks between Mercosur and the European bloc.

Lula spoke to the press in Brasilia, condemning those responsible for starting forest fires. He argued that these actions harm legitimate agribusiness entrepreneurs and damage Brazil’s reputation.

The president emphasized Brazil’s commitment to environmental preservation. The Brazilian leader claimed that the EU threatened to bring up the issue of forest fires during negotiations.

Brazil Challenges EU's Forest Fire Focus in Mercosur Trade Talks. (Photo Internet reproduction)
Brazil Challenges EU’s Forest Fire Focus in Mercosur Trade Talks. (Photo Internet reproduction)
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Lula firmly stated his opposition to this move, highlighting Brazil’s improved conservation efforts compared to previous periods in history. While Lula did not provide specifics about the EU’s alleged threats, tensions have been rising over environmental concerns.

The Mercosur-EU free trade agreement, in discussion for over three decades, faces hurdles due to reservations from some European countries.

One major worry for the Brazilian government is the implementation of the EU’s anti-deforestation law.

This legislation aims to ban imports of products from areas deforested after December 2020. The European Commission recently proposed delaying the law’s enforcement by at least a year.

The EU’s anti-deforestation law, approved in 2023, affects various products including coffee, soy, palm oil, and beef. Brazil estimates that this measure could impact 34 percent of its exports to Europe, raising concerns about economic consequences.

As negotiations continue, both sides grapple with balancing environmental protection and economic interests. The outcome of these talks will likely shape the future of trade relations between Mercosur and the European Union.

Brazil Challenges EU’s Forest Fire Focus in Mercosur Trade Talks

For the full picture, see our Mercosur EU Trade Deal: Complete Guide.

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