IBOV 177,650 ▲ 0.17% IPSA 10,600 ▲ 2.40% IPC MEX 68,384 ▼ 0.74% MERVAL 2,877,439 ▲ 3.19% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.00 ▼ 0.06% USD/MXN 17.31 ▲ 0.04% USD/CLP 899.00 ▲ 0.07% USD/COP 3,682 ▼ 1.16% USD/PEN 3.41 ▼ 0.06% USD/ARS 1,390 ▼ 0.55% USD/UYU 40.02 ▲ 0.53% USD/PYG 6,151 ▲ 2.28% USD/BOB 6.86 ▲ 1.79% USD/DOP 58.79 ▲ 0.32% USD/CRC 449.53 ▲ 2.06% USD/GTQ 7.62 ▲ 2.26% USD/HNL 26.61 ▲ 1.69% USD/NIO 36.62 ▲ 0.26% USD/VES 525.55 ▲ 0.48% USD/PAB 1.00 ▲ 2.17% USD/BZD 2.00 ▲ 1.60% USD/JMD 156.99 ▲ 0.18% USD/TTD 6.73 ▲ 1.16% EUR/BRL 5.81 ▼ 0.27% BRENT 105.37 ▲ 2.72% WTI 98.47 ▲ 2.20% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.03% GOLD 4,525 ▼ 0.32% SILVER 76.37 ▼ 0.06% SOY 1,199 ▲ 0.40% CORN 464.50 ▲ 0.49% WHEAT 649.25 ▲ 0.27% COFFEE 264.55 ▼ 1.40% SUGAR 14.85 ▼ 0.34% ORANGE JUICE 166.90 ▲ 6.34% COTTON 78.69 ▲ 0.91% COCOA 3,814 ▼ 1.93% BEEF 240.15 ▼ 5.18% CATTLE 356.53 ▼ 3.83% LITHIUM 84.38 ▲ 1.07% PETR4 44.95 ▲ 0.78% VALE3 82.63 ▲ 0.77% ITUB4 40.12 ▲ 1.13% BBDC4 17.90 ▲ 0.22% ABEV3 16.40 ▲ 1.11% BBAS3 20.82 ▲ 0.58% B3SA3 17.02 ▲ 1.37% WEGE3 42.47 ▼ 0.26% PRIO3 68.00 ▼ 0.92% SUZB3 42.26 ▲ 0.14% RENT3 44.04 ▼ 0.97% AZZA3 19.95 ▲ 1.79% CSAN3 4.40 ▲ 1.85% RAIZ4 0.39 ▼ 7.14% PCAR3 2.11 ▼ 2.77% GMAT3 4.43 ▲ 0.23% PSSA3 49.46 ▲ 0.49% CVCB3 1.78 ▼ 1.11% POSI3 4.09 ▼ 1.92% SLCE3 16.50 ▼ 0.12% NATU3 10.20 ▲ 2.00% BRKM5 12.03 ▼ 1.23% RANI3 8.06 ▲ 1.26% CSNA3 6.34 ▲ 3.43% CMIN3 4.43 ▼ 1.56% USIM5 9.80 ▲ 1.98% GGBR4 23.50 ▲ 0.13% ENEV3 25.52 ▲ 1.23% NEOE3 33.80 — 0.00% CPFE3 43.70 ▼ 1.51% CMIG4 11.36 ▼ 1.47% EQTL3 38.14 ▼ 1.06% LREN3 14.85 ▲ 1.02% VIVT3 35.29 ▼ 0.31% RAIL3 14.67 ▼ 2.33% KLABIN 16.51 ▼ 0.06% RAIA DROGASIL 18.65 ▼ 2.51% RDOR3 34.59 ▼ 1.14% HAPV3 12.34 ▼ 7.01% FLRY3 15.69 ▼ 0.70% SMTO3 17.64 ▼ 2.38% UGPA3 29.15 ▲ 0.45% VBBR3 33.41 ▲ 0.21% BBSE3 34.74 ▲ 0.09% BPAC11 54.37 ▲ 0.31% CURY3 31.20 ▼ 0.32% AERI3 2.28 — 0.00% VIVARA 22.32 ▼ 1.50% COMPASS 27.01 ▲ 1.35% VAMOS 3.37 ▼ 1.17% SANB11 27.59 ▲ 0.51% ASAI3 8.48 ▼ 1.51% SBSP3 28.62 ▼ 1.82% WALMEX 55.16 ▼ 0.88% GMEXICO 203.15 ▲ 0.00% FEMSA 210.09 ▲ 0.33% CEMEX 21.72 ▼ 0.69% GFNORTE 186.81 ▼ 1.09% BIMBO 58.04 ▼ 2.88% TELEVISA 9.68 ▼ 1.33% AMX 22.82 ▼ 1.30% GAP 420.74 ▼ 2.86% ASUR 308.72 ▼ 0.57% OMA 225.94 ▼ 0.43% KOF 185.08 ▲ 0.43% GRUMA 294.49 ▲ 0.08% KIMBER 38.08 ▼ 1.68% SQM-B 72,900 ▼ 0.40% COPEC 6,425 ▲ 0.39% BSANTANDER 70.10 ▲ 2.71% FALABELLA 5,600 ▲ 2.85% ENELAM 76.20 ▲ 0.26% CENCOSUD 2,180 ▲ 5.24% CMPC 1,095 ▲ 2.82% BANCO CHILE 171.90 ▲ 3.24% LATAM AIR 22.57 ▲ 7.22% YPF 70,850 ▲ 1.50% GGAL 6,505 ▲ 4.33% PAMPA 4,838 ▲ 1.79% TXAR 635.00 ▲ 2.67% ALUAR 929.00 ▲ 1.53% TGS 8,825 ▲ 3.64% CEPU 2,150 ▲ 3.66% MIRGOR 16,275 ▲ 0.31% COME 44.94 ▲ 1.90% LOMA NEGRA 3,350 ▲ 4.44% BYMA 276.50 ▼ 0.54% TELECOM ARG 3,530 ▲ 1.15% ECOPETROL 13.86 ▲ 1.02% BANCOLOMBIA 66.32 ▲ 1.19% GRUPO AVAL 4.26 ▲ 0.71% CREDICORP 344.00 ▲ 3.22% SOUTHERN COPPER 179.12 ▲ 2.89% BUENAVENTURA 33.66 ▼ 0.68% MERCADOLIBRE 1,678 ▲ 1.62% NUBANK 13.16 ▲ 2.89% XP 17.92 ▲ 1.30% PAGSEGURO 9.32 — 0.00% STONE 11.10 ▲ 0.45% GLOBANT 40.63 ▼ 2.78% TECNOGLASS 41.20 ▲ 0.78% GAP AIRPORT 244.11 ▼ 2.68% ASUR 308.72 ▼ 0.57% OMA AIRPORT 104.65 ▼ 0.46% AMX ADR 26.33 ▼ 1.31% FEMSA ADR 121.40 ▼ 0.12% CEMEX ADR 12.58 ▼ 0.71% PETROBRAS ADR 20.03 ▲ 1.01% VALE ADR 16.47 ▲ 0.73% ITAU ADR 8.01 ▲ 0.82% SANTANDER BR 5.56 ▲ 0.54% AMBEV ADR 3.27 ▲ 1.24% CSN 1.28 ▲ 2.40% GERDAU 4.70 ▲ 0.21% LATAM ADR 50.94 ▲ 1.13% BTC 77,422 ▼ 0.15% ETH 2,130 ▼ 0.08% SOL 87.37 ▲ 0.25% XRP 1.37 ▼ 0.48% BNB 659.45 ▲ 0.32% ADA 0.25 ▲ 0.66% DOGE 0.11 ▲ 0.29% AVAX 9.53 ▲ 0.94% LINK 9.82 ▲ 0.83% DOT 1.33 ▲ 3.20% LTC 54.47 ▲ 0.63% BCH 380.31 ▼ 0.06% TRX 0.36 ▼ 0.25% XLM 0.15 ▲ 0.44% HBAR 0.09 ▲ 0.19% NEAR 2.27 ▲ 18.17% ATOM 2.13 ▲ 3.72% AAVE 88.20 ▲ 0.24% SELIC 14.50% EMBRAER 70.81 ▲ 0.61% EMBRAER ADR 56.52 ▲ 0.07% JBS 13.28 ▲ 2.95% JBS BDR 65.95 ▲ 2.93% MBRF3 17.30 ▼ 2.09% MBRFY 3.33 ▼ 6.46% INTER 6.40 ▲ 3.56% EGX 52,091 ▲ 0.30% USD/ZAR 16.47 ▲ 0.14% USD/NGN 1,369 — 0.00% NIKKEI 63,339 ▲ 2.68% CSI300 4,845 ▲ 1.30% HSI 25,606 ▲ 0.86% NIFTY 23,791 ▲ 0.58% KOSPI 7,848 ▲ 0.41% JCI 6,092 ▼ 0.06% USD/JPY 159.08 ▲ 0.08% USD/CNY 6.7942 ▼ 0.11% DAX 24,749 ▲ 0.58% CAC 8,113 ▲ 0.34% FTSE 10,485 ▲ 0.40% MIB 49,412 ▲ 0.50% IBEX 18,028 ▲ 0.29% STOXX 623.81 ▲ 0.52% EUR/USD 1.1614 ▼ 0.09% GBP/USD 1.3433 ▲ 0.02% SPX 7,446 ▲ 0.17% DJI 50,286 ▲ 0.55% NDX 29,357 ▲ 0.20% RUT 2,843 ▲ 0.93% TSX 34,409 ▲ 0.72% VIX 16.76 — 0.00% USD/CAD 1.3785 ▲ 0.09% US10Y 4.5860 ▲ 0.31% IBOV 177,650 ▲ 0.17% IPSA 10,600 ▲ 2.40% IPC MEX 68,384 ▼ 0.74% MERVAL 2,877,439 ▲ 3.19% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.00 ▼ 0.06% USD/MXN 17.31 ▲ 0.04% USD/CLP 899.00 ▲ 0.07% USD/COP 3,682 ▼ 1.16% USD/PEN 3.41 ▼ 0.06% USD/ARS 1,390 ▼ 0.55% USD/UYU 40.02 ▲ 0.53% USD/PYG 6,151 ▲ 2.28% USD/BOB 6.86 ▲ 1.79% USD/DOP 58.79 ▲ 0.32% USD/CRC 449.53 ▲ 2.06% USD/GTQ 7.62 ▲ 2.26% USD/HNL 26.61 ▲ 1.69% USD/NIO 36.62 ▲ 0.26% USD/VES 525.55 ▲ 0.48% USD/PAB 1.00 ▲ 2.17% USD/BZD 2.00 ▲ 1.60% USD/JMD 156.99 ▲ 0.18% USD/TTD 6.73 ▲ 1.16% EUR/BRL 5.81 ▼ 0.27% BRENT 105.37 ▲ 2.72% WTI 98.47 ▲ 2.20% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.03% GOLD 4,525 ▼ 0.32% SILVER 76.37 ▼ 0.06% SOY 1,199 ▲ 0.40% CORN 464.50 ▲ 0.49% WHEAT 649.25 ▲ 0.27% COFFEE 264.55 ▼ 1.40% SUGAR 14.85 ▼ 0.34% ORANGE JUICE 166.90 ▲ 6.34% COTTON 78.69 ▲ 0.91% COCOA 3,814 ▼ 1.93% BEEF 240.15 ▼ 5.18% CATTLE 356.53 ▼ 3.83% LITHIUM 84.38 ▲ 1.07% PETR4 44.95 ▲ 0.78% VALE3 82.63 ▲ 0.77% ITUB4 40.12 ▲ 1.13% BBDC4 17.90 ▲ 0.22% ABEV3 16.40 ▲ 1.11% BBAS3 20.82 ▲ 0.58% B3SA3 17.02 ▲ 1.37% WEGE3 42.47 ▼ 0.26% PRIO3 68.00 ▼ 0.92% SUZB3 42.26 ▲ 0.14% RENT3 44.04 ▼ 0.97% AZZA3 19.95 ▲ 1.79% CSAN3 4.40 ▲ 1.85% RAIZ4 0.39 ▼ 7.14% PCAR3 2.11 ▼ 2.77% GMAT3 4.43 ▲ 0.23% PSSA3 49.46 ▲ 0.49% CVCB3 1.78 ▼ 1.11% POSI3 4.09 ▼ 1.92% SLCE3 16.50 ▼ 0.12% NATU3 10.20 ▲ 2.00% BRKM5 12.03 ▼ 1.23% RANI3 8.06 ▲ 1.26% CSNA3 6.34 ▲ 3.43% CMIN3 4.43 ▼ 1.56% USIM5 9.80 ▲ 1.98% GGBR4 23.50 ▲ 0.13% ENEV3 25.52 ▲ 1.23% NEOE3 33.80 — 0.00% CPFE3 43.70 ▼ 1.51% CMIG4 11.36 ▼ 1.47% EQTL3 38.14 ▼ 1.06% LREN3 14.85 ▲ 1.02% VIVT3 35.29 ▼ 0.31% RAIL3 14.67 ▼ 2.33% KLABIN 16.51 ▼ 0.06% RAIA DROGASIL 18.65 ▼ 2.51% RDOR3 34.59 ▼ 1.14% HAPV3 12.34 ▼ 7.01% FLRY3 15.69 ▼ 0.70% SMTO3 17.64 ▼ 2.38% UGPA3 29.15 ▲ 0.45% VBBR3 33.41 ▲ 0.21% BBSE3 34.74 ▲ 0.09% BPAC11 54.37 ▲ 0.31% CURY3 31.20 ▼ 0.32% AERI3 2.28 — 0.00% VIVARA 22.32 ▼ 1.50% COMPASS 27.01 ▲ 1.35% VAMOS 3.37 ▼ 1.17% SANB11 27.59 ▲ 0.51% ASAI3 8.48 ▼ 1.51% SBSP3 28.62 ▼ 1.82% WALMEX 55.16 ▼ 0.88% GMEXICO 203.15 ▲ 0.00% FEMSA 210.09 ▲ 0.33% CEMEX 21.72 ▼ 0.69% GFNORTE 186.81 ▼ 1.09% BIMBO 58.04 ▼ 2.88% TELEVISA 9.68 ▼ 1.33% AMX 22.82 ▼ 1.30% GAP 420.74 ▼ 2.86% ASUR 308.72 ▼ 0.57% OMA 225.94 ▼ 0.43% KOF 185.08 ▲ 0.43% GRUMA 294.49 ▲ 0.08% KIMBER 38.08 ▼ 1.68% SQM-B 72,900 ▼ 0.40% COPEC 6,425 ▲ 0.39% BSANTANDER 70.10 ▲ 2.71% FALABELLA 5,600 ▲ 2.85% ENELAM 76.20 ▲ 0.26% CENCOSUD 2,180 ▲ 5.24% CMPC 1,095 ▲ 2.82% BANCO CHILE 171.90 ▲ 3.24% LATAM AIR 22.57 ▲ 7.22% YPF 70,850 ▲ 1.50% GGAL 6,505 ▲ 4.33% PAMPA 4,838 ▲ 1.79% TXAR 635.00 ▲ 2.67% ALUAR 929.00 ▲ 1.53% TGS 8,825 ▲ 3.64% CEPU 2,150 ▲ 3.66% MIRGOR 16,275 ▲ 0.31% COME 44.94 ▲ 1.90% LOMA NEGRA 3,350 ▲ 4.44% BYMA 276.50 ▼ 0.54% TELECOM ARG 3,530 ▲ 1.15% ECOPETROL 13.86 ▲ 1.02% BANCOLOMBIA 66.32 ▲ 1.19% GRUPO AVAL 4.26 ▲ 0.71% CREDICORP 344.00 ▲ 3.22% SOUTHERN COPPER 179.12 ▲ 2.89% BUENAVENTURA 33.66 ▼ 0.68% MERCADOLIBRE 1,678 ▲ 1.62% NUBANK 13.16 ▲ 2.89% XP 17.92 ▲ 1.30% PAGSEGURO 9.32 — 0.00% STONE 11.10 ▲ 0.45% GLOBANT 40.63 ▼ 2.78% TECNOGLASS 41.20 ▲ 0.78% GAP AIRPORT 244.11 ▼ 2.68% ASUR 308.72 ▼ 0.57% OMA AIRPORT 104.65 ▼ 0.46% AMX ADR 26.33 ▼ 1.31% FEMSA ADR 121.40 ▼ 0.12% CEMEX ADR 12.58 ▼ 0.71% PETROBRAS ADR 20.03 ▲ 1.01% VALE ADR 16.47 ▲ 0.73% ITAU ADR 8.01 ▲ 0.82% SANTANDER BR 5.56 ▲ 0.54% AMBEV ADR 3.27 ▲ 1.24% CSN 1.28 ▲ 2.40% GERDAU 4.70 ▲ 0.21% LATAM ADR 50.94 ▲ 1.13% BTC 77,422 ▼ 0.15% ETH 2,130 ▼ 0.08% SOL 87.37 ▲ 0.25% XRP 1.37 ▼ 0.48% BNB 659.45 ▲ 0.32% ADA 0.25 ▲ 0.66% DOGE 0.11 ▲ 0.29% AVAX 9.53 ▲ 0.94% LINK 9.82 ▲ 0.83% DOT 1.33 ▲ 3.20% LTC 54.47 ▲ 0.63% BCH 380.31 ▼ 0.06% TRX 0.36 ▼ 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Friday, May 22, 2026

Politics - Brazil Mercosur-EU trade deal

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

By · October 9, 2024 · 2 min read

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)

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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