IBOV 172,060.43 ▲ 0.42% IPC MEX 72,419.39 ▲ 0.73% MERVAL 2,848,945 — — USD/BRL5.58— 0.00% USD/MXN18.63▲ 0.15% USD/CLP982.08▼ 0.22% USD/COP3,279▼ 0.85% USD/PEN3.41▼ 0.02% USD/ARS1,544▼ 0.03% USD/UYU40.52▲ 3.32% USD/PYG6,174▲ 1.84% USD/BOB11.63▲ 0.92% USD/DOP60.48▲ 0.05% USD/CRC446.01▲ 1.66% USD/GTQ7.64▲ 3.18% USD/HNL26.90▲ 3.29% USD/NIO36.62▲ 2.73% USD/VES902.19▲ 0.19% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 2.41% USD/TTD6.72▲ 2.22% EUR/BRL6.18▼ 0.77% BRENT 92.66 ▼ 0.11% WTI 86.45 ▼ 0.09% IRON ORE 161.91 — — COPPER 6.23 ▼ 0.79% GOLD 3,971 ▼ 0.75% SILVER 51.31 ▼ 1.11% SOY 1,227 ▼ 0.20% CORN 448.00 — 0.00% WHEAT 600.75 ▲ 0.21% COFFEE 265.45 ▼ 2.19% SUGAR 18.47 ▲ 2.10% ORANGE JUICE 146.60 ▼ 0.10% COTTON 82.35 ▲ 4.65% COCOA 5,061 ▲ 6.73% BEEF 218.98 ▼ 0.10% CATTLE 327.80 ▼ 0.77% LITHIUM 61.07 ▲ 1.82% PETR4 43.55 ▼ 3.11% VALE3 64.43 ▼ 0.57% ITUB4 41.72 ▲ 1.26% BBDC4 14.33 ▼ 1.44% ABEV3 15.85 ▲ 0.38% BBAS3 16.89 ▼ 1.23% B3SA3 14.80 ▲ 2.21% WEGE3 51.61 ▲ 1.30% PRIO3 61.47 ▲ 2.42% SUZB3 53.80 ▼ 1.21% RENT3 30.24 ▲ 1.51% AZZA3 15.37 ▲ 4.34% CSAN3 3.03 ▲ 13.06% RAIZ4 0.30 ▼ 98.60% PCAR3 2.54 ▼ 0.78% GMAT3 4.08 ▲ 7.09% PSSA3 45.98 ▼ 1.48% CVCB3 0.86 — 0.00% POSI3 3.32 ▲ 5.40% SLCE3 17.05 ▼ 0.23% NATU3 5.62 ▲ 1.26% BRKM5 2.92 — 0.00% RANI3 8.39 ▼ 0.71% CSNA3 4.52 ▲ 3.20% IBOV 172,060.43 ▲ 0.42% IPC MEX 72,419.39 ▲ 0.73% MERVAL 2,848,945 — — USD/BRL 5.58 ▲ 0.00% USD/MXN 18.63 ▲ 0.17% USD/CLP 982.08 ▼ 0.22% USD/COP 3,288 ▼ 0.60% USD/PEN 3.41 ▼ 0.03% USD/ARS 1,544 ▼ 0.11% USD/UYU 40.52 ▲ 3.32% USD/PYG 6,174 ▲ 3.14% USD/BOB 11.63 ▲ 1.12% USD/DOP 60.48 ▲ 0.13% USD/CRC 446.01 ▲ 1.79% USD/GTQ 7.64 ▲ 3.18% USD/HNL 26.90 ▲ 3.29% USD/NIO 36.62 ▲ 2.73% USD/VES 902.19 ▲ 0.19% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 2.41% USD/TTD 6.72 ▲ 2.22% EUR/BRL 6.18 ▼ 0.78% BRENT 92.66 ▼ 0.11% WTI 86.45 ▼ 0.09% IRON ORE 161.91 — — COPPER 6.23 ▼ 0.79% GOLD 3,971 ▼ 0.75% SILVER 51.31 ▼ 1.11% SOY 1,227 ▼ 0.20% CORN 448.00 — 0.00% WHEAT 600.75 ▲ 0.21% COFFEE 265.45 ▼ 2.19% SUGAR 18.47 ▲ 2.10% ORANGE JUICE 146.60 ▼ 0.10% COTTON 82.35 ▲ 4.65% COCOA 5,061 ▲ 6.73% BEEF 218.98 ▼ 0.10% CATTLE 327.80 ▼ 0.77% LITHIUM 61.07 ▲ 1.82% PETR4 43.55 ▼ 3.11% VALE3 64.43 ▼ 0.57% ITUB4 41.72 ▲ 1.26% BBDC4 14.33 ▼ 1.44% ABEV3 15.85 ▲ 0.38% BBAS3 16.89 ▼ 1.23% B3SA3 14.80 ▲ 2.21% WEGE3 51.61 ▲ 1.30% PRIO3 61.47 ▲ 2.42% SUZB3 53.80 ▼ 1.21% RENT3 30.24 ▲ 1.51% AZZA3 15.37 ▲ 4.34% CSAN3 3.03 ▲ 13.06% RAIZ4 0.30 ▼ 98.60% PCAR3 2.54 ▼ 0.78% GMAT3 4.08 ▲ 7.09% PSSA3 45.98 ▼ 1.48% CVCB3 0.86 — 0.00% POSI3 3.32 ▲ 5.40% SLCE3 17.05 ▼ 0.23% NATU3 5.62 ▲ 1.26% BRKM5 2.92 — 0.00% RANI3 8.39 ▼ 0.71% CSNA3 4.52 ▲ 3.20%
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Thursday, November 12, 2026

Latin America Brazil

Curbing Amazon Deforestation Conditions EU/MERCOSUR Trade Deal

By · · 3 min read

RIO DE JANEIRO, BRAZIL – Until Brazil makes a political commitment to curb deforestation in the Amazon rainforest, the trade deal between the European Union and South America’s MERCOSUR trade bloc will not advance toward ratification in Europe, the EU’s envoy in Brasilia said.

Ambassador Ignacio Ybañez said in an interview that talks were underway to add a commitment to the treaty concluded last year, and that Brazil’s government is aware it is needed to save two decades of negotiations.

Brazil’s Vice President Mourao, Environment Minister Salles and EU Ambassador to Brazil Ybanez visit the Jungle War Instruction Center in Manaus
(L to R) Brazil’s Vice President Hamilton Mourao, Brazil’s Environment Minister Ricardo Salles and EU Ambassador to Brazil Ignacio Ybanez visit the Jungle War Instruction Center in Manaus, Brazil, November 4, 2020. Picture taken November 4, 2020. Bruno Batista/Brazilian Vice Presidency/Handout via REUTERS
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Deforestation in Brazil’s Amazon rainforest surged to a 12-year high in 2020, according to official government data, with destruction soaring since far-right President Jair Bolsonaro took office and weakened environmental enforcement.

The resulting opposition to the EU-MERCOSUR accord in Europe has led the EU’s executive commission to hold off presenting the deal to a council of leaders from the 28 member states before it can be submitted to the European Parliament.

“Right now there are no conditions to do that, but we are working to obtain clear commitments by Brazil that will restore trust,” Ybañez said.

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The EU embassy will open a conference in Brasilia this Tuesday, December 8th, to promote the treaty and explain its sustainable development chapter, which deals with Amazon deforestation and adherence to the Paris Agreement on climate change.

Ybañez said Brazil has taken positive steps, such as the creation of an Amazon Council, chaired by Vice President Hamilton Mourão, which will coordinate the government’s environmental actions in the Amazon.

Brazil has also promised to establish a way to trace wood illegally taken from the rainforest, replacing a certificate of origin that its environmental agency abolished in March, Ybañez said. Without that, EU importers cannot show where the wood came from, he said.

The Vice President, a retired army general, invited ambassadors from European and other nations to the Amazon last month to show them what Brazil is doing environmentally.

“Mourão recognized that Brazil has a problem and has to find a solution to deal with deforestation, illegal logging and illegal mining in the Amazon,” the ambassador said.

The foreign diplomats were not shown areas of greatest impact of deforestation and would have liked to have had more contact with civil society, particularly indigenous communities, he said.

While European civil society groups see the trade deal accelerating destruction of the Amazon, environmental advocates in Brazil consider it a tool to help protect the forest, Ybañez said.

 

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

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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