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EU-Mercosur agreement is at risk due to fires in the Amazon

The inefficiency of Brazilian President Jair Bolsonaro in defending the Amazon, and the lack of a firm commitment to defend the environment evidenced in the management of the fires that are sweeping the Amazon, have put the ratification of the Free Trade agreement between the European Union and the Mercosur countries at risk. Different countries, such as France and Luxembourg, subject their approval to Brazil's compliance with the environmental commitments agreed during the Osaka summit of the G20.

According to sources from the French Presidency, Emmanuel Macron considers that Bolsonaro lied in his environmental commitments, so he will oppose the signing of the free trade agreement between the European Union and Mercosur.

Meanwhile, the Government of Luxembourg will not support the agreement if Brazil does not begin to comply with the climate obligations imposed by the treaty and protects the Amazon, which has been devastated by fires for several days.

Brazil's agricultural sector fears a boycott against their products
The international tension unleashed by the fires in the Amazon, a region that concentrates about 15% of Brazilian agriculture, leaves the approval of the agreement in the air and opens doubts about the future of exports, as there could be a commercial boycott against Brazilian products.

The agreement reached at the end of June, which is in the process of ratification in the European Parliament and by their respective governments, would involve 773 million citizens of the two blocks, a trade of goods of 88,000 million euro and services worth 35,000 million.



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