The government wants to include the privatisation and concessions program in the list of efforts to protect the environment. According to the government, building infrastructure through concessions and privatisation represents a favourable strategy for the environment, at a time when investors are tightening the siege on environmental policies and increasingly seeking ESG portfolios.
Source: Exame
Category: Geopolitics
Information about international affairs that can impact the Brazilian economy.
Fund has $68mm to finance strategies in CLFI for Brazilian producers
The Sustainable Agriculture Finance Facility (SAFF) will offer to Brazilian producers credit to adopt or expand the use of Crop-Livestock-Forestry Integration (ILPF) strategies. In the first year, it will provide $68 million in funding, of which $62 million in producer credit and $6 million to finance certification programmes, research, technology transfer, technical assistance and certification.
Source: Agencia Estado
Total leaves controversial exploration project in Brazil
The French oil group Total announced that it had transferred to Petrobras its participation in an exploration project located in the basin of the Amazon, 120 km off the coast of Brazil, which has been criticised for many years by environmental organisations.
Source: UOL Economia
Brazil is a leader in socio-environmental conflicts in the Amazon
Owner of the largest extension of the Amazon Forest, Brazil is also a leader in social and environmental conflicts in the region. A survey comparing the situation of four countries showed that, of the 1,308 confrontations recorded in 2017 and 2018, 995 occurred on Brazilian soil. The main cause of the conflicts is agribusiness, which involves both livestock and soybeans and other monocultures.
Source: Ambiente Brasil
Agribusiness and NGOs present six actions package to contain deforestation in the Amazon
A coalition of 230 representatives of agribusiness, NGOs and other sectors presented to President Bolsonaro and other federal authorities a package of six actions to seek a rapid and permanent reduction of deforestation in Brazil, especially in the Legal Amazon. The document with the actions suggests that the reduction of deforestation in the short term – “in a few months” is of fundamental importance for the country.
Source: Ambiente Brasil
Brazil exports to Egypt increased by 21.1%
Exports from Egypt to Brazil climbed 73.9% ever since Egypt reached a free trade agreement with the Mercosur in 2017. Exports from Brazil to Egypt were up 21.1%, according to a survey from Brazil’s National Confederation of Industry (CNI).
Brazil ranks 62nd in Global Innovation Index
In this year’s Global Innovation Index, compiled by the World Intellectual Property Organization (WIPO) in partnership with Cornell University and Insead, Brazil appears in the 62nd position. This result is an improvement compared to 2019, when the country ranked 66th. However, Brazil is still lagging behind other Latin American nations such as Mexico, Chile and Costa Rica.
Philippines Lifts Ban on Poultry Imports From Brazil
The Philippines lifted its ban on poultry imports from Brazil after the Brazilian government presented coronavirus prevention measures, the Philippine Agriculture Department said. The Southeast Asian nation will however require poultry products from Brazil its third-largest source of chicken imports as of July to have labels stating these were handled in facilities with strict hygiene and sanitation measures, according to a memorandum issued by the Philippine agency. Shipments that won’t comply with these conditions will be confiscated.
Brazilian crude exports fell by roughly 30%
Brazilian crude exports fell by around 30% to 5.47mn t in August compared with July, partly reflecting congestion at Chinese ports caused by severe floods in the Yangtze basin. However, crude outflows were up almost 15% compared with August 2019, according to preliminary data from Brazil’s trade ministry MDIC.
Greenpeace urges Canada to suspend trade talks with Brazil
Canada’s federal government is being urged to halt trade talks with Brazil after another summer of record-breaking fires in the Amazon rainforest. New data from Brazil shows the fire has destroyed 30% more of the forest, compared to 2019. France and Germany have both halted further movement to ratify Europe’s free-trade deal with the Mercosur bloc, which includes Brazil, Argentina, Paraguay and Uruguay. Greenpeace Canada campaign manager, Reykia Fick, said Canada needs to pull out of trade talks as the government cannot be rewarding the destruction of the Amazon and claim to be a climate leader.
