Brazil urges EU to delay implementation of deforestation law



Brazil has urged the European Union to reconsider its deforestation law, expressing concerns that the regulations could have a detrimental impact on Brazilian exports. In a letter to the European Commission, the Brazilian government highlighted that the law, which bans the import of products linked to deforestation, could affect a significant portion of Brazil’s exports to the EU.

The law, passed in 2022 by the European Parliament and adopted last year, targets products such as soy, beef, palm oil, coffee, cocoa, rubber, wood, and derivatives. Brazilian officials are worried that the law could result in a loss of approximately $15 billion in exports, as these products accounted for $46.3 billion in exports in 2023.

Brazilian ministers of agriculture and foreign affairs emphasized that the EU’s Deforestation-free Regulation (EUDR) is viewed as a unilateral and punitive measure that disregards national efforts to combat deforestation. They also raised concerns about the increased costs for producers and exporters due to the European law.

The EUDR has been a contentious issue in EU trade talks with Brazil and its partners in the Mercosur trade bloc. While negotiations have been progressing, Brazilian officials are seeking reassurances that the law will not impact their country’s agricultural exports to the EU. They are also looking for potential compensation if the European law is implemented.

Overall, Brazil is urging the EU to revise its approach to the issue and reconsider the implementation of the EUDR at the end of the year. The government is concerned about the potential consequences on trade relations and hopes for a more balanced and mutually beneficial solution.



SOURCE

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