IBOV 167,874.64 ▼ 2.50% IPSA 11,128.56 ▼ 1.25% IPC MEX 65,564.76 ▼ 1.32% MERVAL 3,022,485 ▼ 3.19% COLCAP 2,423.37 ▲ 2.14% BVL PERÚ 59,693.55 ▼ 1.60% USD/BRL5.16▲ 0.93% USD/MXN17.06▼ 0.48% USD/CLP913.38▼ 0.42% USD/COP3,128▼ 0.87% USD/PEN3.38▼ 0.01% USD/ARS1,491▼ 0.53% USD/UYU40.23▲ 1.56% USD/PYG5,925▲ 1.88% USD/BOB11.72▲ 0.37% USD/DOP58.13▲ 1.08% USD/CRC447.79▲ 1.51% USD/GTQ7.62▲ 2.47% USD/HNL26.78▲ 1.86% USD/NIO36.62▲ 1.01% USD/VES762.44▲ 0.29% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.39▲ 0.39% USD/TTD6.71▲ 1.22% EUR/BRL5.95▲ 1.42% BRENT 89.45 ▲ 1.97% WTI 83.76 ▲ 1.98% IRON ORE 161.91 — — COPPER 6.64 ▲ 0.71% GOLD 4,442 ▲ 1.83% SILVER 65.06 ▼ 0.07% SOY 1,169 ▲ 0.97% CORN 461.25 ▲ 5.25% WHEAT 633.25 ▼ 1.13% COFFEE 312.80 ▼ 5.87% SUGAR 16.74 ▲ 1.64% ORANGE JUICE 139.00 ▼ 2.01% COTTON 83.79 ▲ 1.29% COCOA 5,637 ▼ 3.16% BEEF 226.25 ▼ 3.01% CATTLE 344.98 ▼ 1.65% LITHIUM 74.11 ▼ 0.84% PETR4 41.66 ▼ 1.35% VALE3 74.40 ▲ 2.00% ITUB4 39.00 ▼ 3.51% BBDC4 16.79 ▼ 2.27% ABEV3 15.01 ▼ 1.70% BBAS3 19.28 ▼ 3.74% B3SA3 14.29 ▼ 2.59% WEGE3 47.36 ▼ 0.57% PRIO3 59.25 ▼ 3.25% SUZB3 40.38 ▼ 2.20% RENT3 34.71 ▼ 4.38% AZZA3 16.32 ▼ 4.06% CSAN3 3.28 ▼ 4.93% RAIZ4 0.25 — 0.00% PCAR3 2.76 ▼ 2.82% GMAT3 3.69 ▲ 0.27% PSSA3 48.39 ▼ 2.64% CVCB3 1.37 ▼ 3.52% POSI3 3.28 ▼ 6.29% SLCE3 13.30 ▼ 0.52% NATU3 8.20 ▲ 1.49% BRKM5 5.64 ▼ 1.91% RANI3 7.90 ▼ 1.50% CSNA3 4.28 ▼ 4.04% CMIN3 5.57 ▲ 2.01% USIM5 6.62 ▼ 7.54% GGBR4 24.16 ▼ 4.32% ENEV3 24.55 ▼ 3.04% CPFE3 43.65 ▼ 1.69% CMIG4 10.40 ▼ 2.62% EQTL3 35.81 ▼ 2.61% LREN3 12.03 ▼ 0.74% VIVT3 30.14 ▼ 1.34% RAIL3 12.96 ▼ 1.97% KLABIN 17.55 ▼ 1.74% RAIA DROGASIL 18.28 ▼ 5.68% RDOR3 33.17 ▼ 2.36% HAPV3 9.79 ▼ 4.95% FLRY3 18.59 ▲ 0.93% SMTO3 15.01 ▲ 0.40% UGPA3 30.99 ▼ 0.03% VBBR3 33.23 ▼ 0.63% BBSE3 37.26 ▼ 2.54% BPAC11 50.13 ▼ 6.93% CURY3 31.50 ▼ 0.60% AERI3 2.26 ▼ 2.16% VIVARA 20.89 ▼ 3.47% COMPASS 21.73 ▼ 3.51% VAMOS 2.80 ▼ 3.78% SANB11 29.52 ▲ 0.92% ASAI3 8.08 ▲ 0.25% SBSP3 25.99 ▼ 2.11% WALMEX 48.56 ▲ 0.79% GMEXICO 221.95 ▼ 1.28% FEMSA 201.67 ▼ 1.95% CEMEX 19.16 ▼ 1.64% GFNORTE 191.56 ▼ 2.84% BIMBO 61.64 ▲ 0.08% TELEVISA 9.69 ▼ 2.81% AMX 19.99 ▼ 2.39% GAP 364.14 ▼ 1.66% ASUR 271.64 ▼ 1.09% OMA 232.53 ▲ 0.02% KOF 186.44 ▼ 0.09% GRUMA 251.62 ▼ 1.31% KIMBER 39.51 ▼ 1.96% SQM-B 65,860 ▼ 1.63% COPEC 6,030 ▼ 1.18% BSANTANDER 80.20 ▼ 1.96% FALABELLA 6,429 ▼ 0.16% ENELAM 87.00 ▼ 0.57% CENCOSUD 1,990 ▼ 2.93% CMPC 1,040 ▲ 0.42% BANCO CHILE 186.85 ▼ 1.53% LATAM AIR 24.35 ▼ 1.77% YPF 7,790 ▼ 3.41% GGAL 7,035 ▼ 4.42% PAMPA 5,080 ▼ 3.05% TXAR 765.50 ▲ 1.46% ALUAR 949.50 ▼ 0.21% TGS 8,885 ▼ 4.77% CEPU 2,117 ▼ 3.25% MIRGOR 1,670 ▼ 1.18% COME 41.23 ▼ 0.19% LOMA NEGRA 3,128 ▼ 4.21% BYMA 279.75 — 0.00% TELECOM ARG 4,263 ▼ 5.70% ECOPETROL 17.01 ▼ 0.23% BANCOLOMBIA 98.01 ▲ 7.15% GRUPO AVAL 5.26 ▼ 0.38% CREDICORP 377.21 ▼ 1.31% SOUTHERN COPPER 194.48 ▼ 2.81% BUENAVENTURA 34.84 ▲ 0.75% MERCADOLIBRE 1,940 ▲ 6.34% NUBANK 13.65 ▼ 1.52% XP 15.51 ▼ 4.26% PAGSEGURO 8.89 ▼ 2.09% STONE 9.96 ▼ 3.95% GLOBANT 38.99 ▲ 1.14% TECNOGLASS 42.77 ▲ 3.23% GAP AIRPORT 213.44 ▼ 1.26% ASUR 271.64 ▼ 1.09% OMA AIRPORT 108.40 ▼ 0.12% AMX ADR 23.41 ▼ 2.01% FEMSA ADR 118.13 ▼ 1.49% CEMEX ADR 11.19 ▼ 0.97% PETROBRAS ADR 17.93 ▼ 2.18% VALE ADR 14.32 ▼ 3.83% ITAU ADR 7.50 ▼ 4.82% SANTANDER BR 5.75 ▼ 0.26% AMBEV ADR 2.84 ▼ 3.40% CSN 0.87 ▼ 3.75% GERDAU 4.69 ▼ 5.54% LATAM ADR 53.05 ▼ 1.28% BTC 63,675 ▼ 0.37% ETH 1,881 ▲ 0.51% SOL 76.22 ▲ 0.36% XRP 1.02 ▲ 0.98% BNB 616.13 ▲ 2.91% ADA 0.19 ▼ 2.73% DOGE 0.07 ▲ 3.60% AVAX 6.29 ▼ 2.17% LINK 8.77 ▲ 5.74% DOT 0.79 ▼ 1.72% LTC 45.51 ▲ 0.88% BCH 214.15 ▲ 0.49% TRX 0.33 ▲ 1.31% XLM 0.16 ▲ 0.24% HBAR 0.07 ▼ 1.85% NEAR 1.63 ▲ 1.53% ATOM 1.43 ▲ 2.35% AAVE 88.58 ▼ 0.62% SELIC 14.00% EMBRAER 92.48 ▼ 2.30% EMBRAER ADR 71.39 ▼ 3.27% JBS 13.02 ▼ 2.91% JBS BDR 67.03 ▼ 2.73% MBRF3 16.16 ▲ 1.38% MBRFY 3.06 — 0.00% INTER 5.20 ▼ 2.80% EGX 54,829 ▼ 0.09% USD/ZAR16.18▼ 0.10% USD/NGN 1,360 — 0.00% NIKKEI 66,899 ▼ 0.11% CSI300 4,664 ▼ 0.81% HSI 25,653 ▼ 1.10% NIFTY 24,472 ▼ 0.46% KOSPI 6,434 ▲ 1.39% JCI 6,268 ▼ 1.53% USD/JPY159.29▼ 0.01% USD/CNY6.74▼ 0.02% DAX 26,391 ▲ 0.26% CAC 8,715 ▼ 0.13% FTSE 10,844 ▼ 0.17% MIB 53,706 ▲ 0.08% IBEX 20,214 ▲ 0.20% STOXX 660.51 ▲ 0.01% EUR/USD 1.1546 — 0.00% GBP/USD1.35▲ 0.13% SPX 7,728 ▼ 0.32% DJI 53,792 ▼ 0.34% NDX 29,525 ▼ 0.33% RUT 3,027 ▲ 0.32% TSX 36,476 ▲ 0.05% VIX 15.28 ▼ 1.16% USD/CAD1.39▼ 0.14% US10Y 4.6840 ▼ 0.32% IBOV 167,874.64 ▼ 2.50% IPSA 11,128.56 ▼ 1.25% IPC MEX 65,564.76 ▼ 1.32% MERVAL 3,022,485 ▼ 3.19% COLCAP 2,423.37 ▲ 2.14% BVL PERÚ 59,693.55 ▼ 1.60% USD/BRL 5.16 ▲ 0.93% USD/MXN 17.06 ▼ 0.46% USD/CLP 913.38 ▼ 0.42% USD/COP 3,128 ▼ 0.87% USD/PEN 3.38 ▼ 0.01% USD/ARS 1,491 ▼ 0.53% USD/UYU 40.23 ▲ 1.56% USD/PYG 5,925 ▲ 1.88% USD/BOB 11.72 ▲ 0.37% USD/DOP 58.13 ▲ 1.08% USD/CRC 447.79 ▲ 1.51% USD/GTQ 7.62 ▲ 2.47% USD/HNL 26.78 ▲ 1.86% USD/NIO 36.62 ▲ 1.01% USD/VES 762.44 ▲ 0.29% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.39 ▲ 0.07% USD/TTD 6.71 ▲ 0.81% EUR/BRL 5.95 ▲ 1.42% BRENT 89.45 ▲ 1.97% WTI 83.76 ▲ 1.98% IRON ORE 161.91 — — COPPER 6.64 ▲ 0.71% GOLD 4,442 ▲ 1.83% SILVER 65.06 ▼ 0.07% SOY 1,169 ▲ 0.97% CORN 461.25 ▲ 5.25% WHEAT 633.25 ▼ 1.13% COFFEE 312.80 ▼ 5.87% SUGAR 16.74 ▲ 1.64% ORANGE JUICE 139.00 ▼ 2.01% COTTON 83.79 ▲ 1.29% COCOA 5,637 ▼ 3.16% BEEF 226.25 ▼ 3.01% CATTLE 344.98 ▼ 1.65% LITHIUM 74.11 ▼ 0.84% PETR4 41.66 ▼ 1.35% VALE3 74.40 ▲ 2.00% ITUB4 39.00 ▼ 3.51% BBDC4 16.79 ▼ 2.27% ABEV3 15.01 ▼ 1.70% BBAS3 19.28 ▼ 3.74% B3SA3 14.29 ▼ 2.59% WEGE3 47.36 ▼ 0.57% PRIO3 59.25 ▼ 3.25% SUZB3 40.38 ▼ 2.20% RENT3 34.71 ▼ 4.38% AZZA3 16.32 ▼ 4.06% CSAN3 3.28 ▼ 4.93% RAIZ4 0.25 — 0.00% PCAR3 2.76 ▼ 2.82% GMAT3 3.69 ▲ 0.27% PSSA3 48.39 ▼ 2.64% CVCB3 1.37 ▼ 3.52% POSI3 3.28 ▼ 6.29% SLCE3 13.30 ▼ 0.52% NATU3 8.20 ▲ 1.49% BRKM5 5.64 ▼ 1.91% RANI3 7.90 ▼ 1.50% CSNA3 4.28 ▼ 4.04% CMIN3 5.57 ▲ 2.01% USIM5 6.62 ▼ 7.54% GGBR4 24.16 ▼ 4.32% ENEV3 24.55 ▼ 3.04% CPFE3 43.65 ▼ 1.69% CMIG4 10.40 ▼ 2.62% EQTL3 35.81 ▼ 2.61% LREN3 12.03 ▼ 0.74% VIVT3 30.14 ▼ 1.34% RAIL3 12.96 ▼ 1.97% KLABIN 17.55 ▼ 1.74% RAIA DROGASIL 18.28 ▼ 5.68% RDOR3 33.17 ▼ 2.36% HAPV3 9.79 ▼ 4.95% FLRY3 18.59 ▲ 0.93% SMTO3 15.01 ▲ 0.40% UGPA3 30.99 ▼ 0.03% VBBR3 33.23 ▼ 0.63% BBSE3 37.26 ▼ 2.54% BPAC11 50.13 ▼ 6.93% CURY3 31.50 ▼ 0.60% AERI3 2.26 ▼ 2.16% VIVARA 20.89 ▼ 3.47% COMPASS 21.73 ▼ 3.51% VAMOS 2.80 ▼ 3.78% SANB11 29.52 ▲ 0.92% ASAI3 8.08 ▲ 0.25% SBSP3 25.99 ▼ 2.11% WALMEX 48.56 ▲ 0.79% GMEXICO 221.95 ▼ 1.28% FEMSA 201.67 ▼ 1.95% CEMEX 19.16 ▼ 1.64% GFNORTE 191.56 ▼ 2.84% BIMBO 61.64 ▲ 0.08% TELEVISA 9.69 ▼ 2.81% AMX 19.99 ▼ 2.39% GAP 364.14 ▼ 1.66% ASUR 271.64 ▼ 1.09% OMA 232.53 ▲ 0.02% KOF 186.44 ▼ 0.09% GRUMA 251.62 ▼ 1.31% KIMBER 39.51 ▼ 1.96% SQM-B 65,860 ▼ 1.63% COPEC 6,030 ▼ 1.18% BSANTANDER 80.20 ▼ 1.96% FALABELLA 6,429 ▼ 0.16% ENELAM 87.00 ▼ 0.57% CENCOSUD 1,990 ▼ 2.93% CMPC 1,040 ▲ 0.42% BANCO CHILE 186.85 ▼ 1.53% LATAM AIR 24.35 ▼ 1.77% YPF 7,790 ▼ 3.41% GGAL 7,035 ▼ 4.42% PAMPA 5,080 ▼ 3.05% TXAR 765.50 ▲ 1.46% ALUAR 949.50 ▼ 0.21% TGS 8,885 ▼ 4.77% CEPU 2,117 ▼ 3.25% MIRGOR 1,670 ▼ 1.18% COME 41.23 ▼ 0.19% LOMA NEGRA 3,128 ▼ 4.21% BYMA 279.75 — 0.00% TELECOM ARG 4,263 ▼ 5.70% ECOPETROL 17.01 ▼ 0.23% BANCOLOMBIA 98.01 ▲ 7.15% GRUPO AVAL 5.26 ▼ 0.38% CREDICORP 377.21 ▼ 1.31% SOUTHERN COPPER 194.48 ▼ 2.81% BUENAVENTURA 34.84 ▲ 0.75% MERCADOLIBRE 1,940 ▲ 6.34% NUBANK 13.65 ▼ 1.52% XP 15.51 ▼ 4.26% PAGSEGURO 8.89 ▼ 2.09% STONE 9.96 ▼ 3.95% GLOBANT 38.99 ▲ 1.14% TECNOGLASS 42.77 ▲ 3.23% GAP AIRPORT 213.44 ▼ 1.26% ASUR 271.64 ▼ 1.09% OMA AIRPORT 108.40 ▼ 0.12% AMX ADR 23.41 ▼ 2.01% FEMSA ADR 118.13 ▼ 1.49% CEMEX ADR 11.19 ▼ 0.97% PETROBRAS ADR 17.93 ▼ 2.18% VALE ADR 14.32 ▼ 3.83% ITAU ADR 7.50 ▼ 4.82% SANTANDER BR 5.75 ▼ 0.26% AMBEV ADR 2.84 ▼ 3.40% CSN 0.87 ▼ 3.75% GERDAU 4.69 ▼ 5.54% LATAM ADR 53.05 ▼ 1.28% BTC 63,675 ▼ 0.37% ETH 1,881 ▲ 0.51% SOL 76.22 ▲ 0.36% XRP 1.02 ▲ 0.98% BNB 616.13 ▲ 2.91% ADA 0.19 ▼ 2.73% DOGE 0.07 ▲ 3.60% AVAX 6.29 ▼ 2.17% LINK 8.77 ▲ 5.74% DOT 0.79 ▼ 1.72% LTC 45.51 ▲ 0.88% BCH 214.15 ▲ 0.49% TRX 0.33 ▲ 1.31% XLM 0.16 ▲ 0.24% HBAR 0.07 ▼ 1.85% NEAR 1.63 ▲ 1.53% ATOM 1.43 ▲ 2.35% AAVE 88.58 ▼ 0.62% SELIC 14.00% EMBRAER 92.48 ▼ 2.30% EMBRAER ADR 71.39 ▼ 3.27% JBS 13.02 ▼ 2.91% JBS BDR 67.03 ▼ 2.73% MBRF3 16.16 ▲ 1.38% MBRFY 3.06 — 0.00% INTER 5.20 ▼ 2.80% EGX 54,829 ▼ 0.09% USD/ZAR 16.18 ▼ 0.15% USD/NGN 1,360 — 0.00% NIKKEI 66,899 ▼ 0.11% CSI300 4,664 ▼ 0.81% HSI 25,653 ▼ 1.10% NIFTY 24,472 ▼ 0.46% KOSPI 6,434 ▲ 1.39% JCI 6,268 ▼ 1.53% USD/JPY 159.25 ▼ 0.01% USD/CNY 6.7445 ▲ 0.12% DAX 26,391 ▲ 0.26% CAC 8,715 ▼ 0.13% FTSE 10,844 ▼ 0.17% MIB 53,706 ▲ 0.08% IBEX 20,214 ▲ 0.20% STOXX 660.51 ▲ 0.01% EUR/USD 1.1546 — 0.00% GBP/USD 1.3511 ▲ 0.05% SPX 7,728 ▼ 0.32% DJI 53,792 ▼ 0.34% NDX 29,525 ▼ 0.33% RUT 3,027 ▲ 0.32% TSX 36,476 ▲ 0.05% VIX 15.28 ▼ 1.16% USD/CAD 1.3920 ▼ 0.03% US10Y 4.6840 ▼ 0.32%
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Wednesday, August 12, 2026

Opinion: Is the EU’s Anti-Deforestation Law Fair?

By · September 12, 2023 · 2 min read

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(Opinion) The EU’s new anti-deforestation law is a well-meant policy. Its goal is to protect crucial forests, like the Amazon.

Yet, the law has sparked global concern. Countries like Brazil, Indonesia, and 15 others say it’s unfair and punitive.

The law came into effect on June 29. It bans the import of products like palm oil, cocoa, and coffee from areas with illegal deforestation.

The burden of proof is on companies to show their goods don’t harm forests.

This approach creates problems. Seventeen nations are voicing their concern. They argue that small farmers are the ones who will suffer the most.

These farmers may not be involved in deforestation, yet they might lack the means to meet the EU’s strict criteria.

Thus, the law could sideline them from global markets, deepening poverty and undermining sustainability goals.

Is the EU's Anti-Deforestation Law Fair? (Photo Internet reproduction)
Is the EU’s Anti-Deforestation Law Fair? (Photo Internet reproduction)
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The concerned countries have called for dialogue, but the EU seems resistant. This raises questions about the EU’s willingness to adapt its policy.

Critics argue that the EU’s rigid stance disregards local conditions and existing efforts to combat deforestation.

Brazil’s President Lula da Silva is particularly displeased. He views the law as an affront to his country’s recent environmental initiatives.

The Amazon, which Brazil hosts a large portion of, is critical for global climate regulation.

In fact, the Amazon is more than just a forest. It’s a global asset that plays a significant role in climate control.

Discussion About Deforestation

That makes Brazil’s role essential in any discussion about deforestation. This raises the question of whether a single law by the EU should dominate this conversation.

Ignoring the conditions and laws of affected countries can be dangerous. A one-size-fits-all approach might not work.

Some critics go so far as to say the law could backfire. It may fail to protect forests, damage international relations, and worsen poverty.

The EU certainly has good intentions. However, good intentions should not result in flawed policy.

The EU needs to open channels of communication with the 17 dissenting nations. It’s high time for a rethink, to develop an impactful and equitable law.

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