The Japan Times - Relief in Brazil, Asia over delay to EU deforestation rules

EUR -
AED 4.350475
AFN 77.000016
ALL 96.454975
AMD 452.047591
ANG 2.120545
AOA 1086.286213
ARS 1725.238026
AUD 1.710479
AWG 2.135258
AZN 2.007664
BAM 1.951672
BBD 2.40163
BDT 145.711773
BGN 1.989397
BHD 0.449557
BIF 3532.68688
BMD 1.184609
BND 1.510131
BOB 8.239571
BRL 6.269424
BSD 1.192242
BTN 109.499298
BWP 15.600223
BYN 3.39623
BYR 23218.339784
BZD 2.398137
CAD 1.618478
CDF 2683.139764
CHF 0.916298
CLF 0.026022
CLP 1027.494776
CNY 8.235107
CNH 8.235012
COP 4347.219511
CRC 590.460955
CUC 1.184609
CUP 31.392143
CVE 110.03271
CZK 24.351003
DJF 212.331747
DKK 7.467676
DOP 75.072465
DZD 154.147531
EGP 55.878723
ERN 17.769138
ETB 185.235695
FJD 2.611648
FKP 0.865278
GBP 0.866695
GEL 3.192536
GGP 0.865278
GHS 13.062424
GIP 0.865278
GMD 86.476639
GNF 10463.043965
GTQ 9.145731
GYD 249.464409
HKD 9.250553
HNL 31.472956
HRK 7.534477
HTG 156.052534
HUF 381.797757
IDR 19913.694806
ILS 3.686918
IMP 0.865278
INR 108.607225
IQD 1562.095668
IRR 49901.661585
ISK 145.008115
JEP 0.865278
JMD 186.857891
JOD 0.839889
JPY 183.519063
KES 153.939966
KGS 103.594234
KHR 4794.938126
KMF 491.612449
KPW 1066.148258
KRW 1730.03927
KWD 0.36358
KYD 0.99369
KZT 599.696388
LAK 25660.935532
LBP 106778.978995
LKR 368.751529
LRD 214.927175
LSL 18.932911
LTL 3.497842
LVL 0.716558
LYD 7.482204
MAD 10.81612
MDL 20.055745
MGA 5328.75048
MKD 61.509887
MMK 2488.068394
MNT 4224.768089
MOP 9.588717
MRU 47.577162
MUR 54.077512
MVR 18.314459
MWK 2067.635018
MXN 20.751444
MYR 4.669768
MZN 75.530403
NAD 18.932592
NGN 1654.756728
NIO 43.877925
NOK 11.494689
NPR 175.200353
NZD 1.973375
OMR 0.457075
PAB 1.192378
PEN 3.986667
PGK 5.10431
PHP 69.772884
PKR 333.562994
PLN 4.217072
PYG 7987.138359
QAR 4.347422
RON 5.089195
RSD 117.152186
RUB 90.544141
RWF 1739.763902
SAR 4.443236
SBD 9.538015
SCR 17.104588
SDG 712.542061
SEK 10.581202
SGD 1.50757
SHP 0.888764
SLE 28.815636
SLL 24840.661178
SOS 681.469978
SRD 45.074975
STD 24519.018157
STN 24.448799
SVC 10.432843
SYP 13101.273866
SZL 18.924811
THB 37.603637
TJS 11.131048
TMT 4.146132
TND 3.425967
TOP 2.852254
TRY 51.525118
TTD 8.095909
TWD 37.508269
TZS 3057.464743
UAH 51.10611
UGX 4263.000384
USD 1.184609
UYU 46.272704
UZS 14577.164634
VES 409.805368
VND 30762.5233
VUV 140.721447
WST 3.211216
XAF 654.588912
XAG 0.015713
XAU 0.000262
XCD 3.201465
XCG 2.148954
XDR 0.814081
XOF 654.575127
XPF 119.331742
YER 282.321978
ZAR 19.247058
ZMK 10662.910096
ZMW 23.400599
ZWL 381.44367
  • RBGPF

    1.3800

    83.78

    +1.65%

  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    0.0500

    23.76

    +0.21%

  • GSK

    0.9400

    51.6

    +1.82%

  • NGG

    0.2000

    85.27

    +0.23%

  • BCC

    0.5100

    80.81

    +0.63%

  • RELX

    -0.3700

    35.8

    -1.03%

  • BCE

    0.3700

    25.86

    +1.43%

  • RIO

    -4.1000

    91.03

    -4.5%

  • VOD

    -0.0600

    14.65

    -0.41%

  • BTI

    0.4600

    60.68

    +0.76%

  • RYCEF

    -0.4300

    16

    -2.69%

  • CMSD

    -0.0400

    24.05

    -0.17%

  • JRI

    0.1400

    13.08

    +1.07%

  • AZN

    0.1800

    92.77

    +0.19%

  • BP

    -0.1600

    37.88

    -0.42%

Relief in Brazil, Asia over delay to EU deforestation rules
Relief in Brazil, Asia over delay to EU deforestation rules / Photo: Yasuyoshi CHIBA - AFP/File

Relief in Brazil, Asia over delay to EU deforestation rules

Brazil's government on Thursday joined Asian palm oil and coffee producers in welcoming a European Union decision to delay implementation of new anti-deforestation rules which had faced strong global pushback.

Text size:

Brazil, the United States and other countries had criticized the law -- which aims to prevent the import of products that drive deforestation -- as being too complex, arguing it would particularly hurt small-scale producers.

It had been due to take effect at the end of 2024 but the European Commission on Wednesday proposed delaying implementation for large companies until the end of 2025.

Small businesses will have until June 2026 to comply.

Welcoming the postponement, Brazil's agriculture ministry told AFP it was the fruit of "international dialogue, in which Brazil had a key role in underlining the concerns of our producers."

The ministry added that Brazil, home to about two-thirds of the Amazon rainforest, huge chunks of which have been felled for agriculture, remained "firmly committed to environmental preservation" and would seek to "ensure fair adaptation to the new European rules."

Asian commodity producers also expressed relief over the extension but environmentalist groups voiced outrage.

Greenpeace declared EU chief Ursula von der Leyen "might as well have wielded the chainsaw herself" to the forests.

The Brazilian Climate Observatory called the extension a "shameful step backwards" which jeopardized the fight against deforestation as the country chokes from the smoke from thousands of fires caused mainly by clearing the Amazon.

"Europe is deliberately renouncing an instrument that could help reduce the pressure on natural ecosystems and carbon dioxide emissions from deforestation," it said in a statement.

The EU's new law requires exporters of timber, cattle, cocoa, soy, palm oil, rubber, coffee -- and items derived from those products -- to certify their goods were not produced on land deforested after December 2020.

The EU is the second-biggest market for the targeted products after China.

Brazil in September asked the EU to postpone the legislation, complaining that the "punitive" rules increased production and export costs, especially for smallholders.

Germany and other countries in Asia, Africa and Latin America had also insisted that companies needed more time to prepare.

- Divided opinions -

Nguyen Xuan Loi, head of Vietnamese coffee exporter An Thai Group, hailed the delay as a "positive move."

"In reality, Vietnam has been strictly managing deforestation issues," he told AFP. "There are hardly any violations anymore."

There was also relief in some sectors in Indonesia, the world's largest palm oil producer, a key driver of deforestation.

"Our calls have been listened to," said Eddy Martono, chairman of the country's leading palm oil association.

Indonesian environmental group WALHI said however it could "not imagine how much more land-clearing or deforestation the one-year delay could cause in West Kalimantan and other places like Papua."

EU imports accounted for 16 percent of deforestation linked to global trade in 2017, according to WWF.

When the law was adopted in 2023 it was hailed as a major breakthrough to protect nature and the climate.

Under the law, firms importing the merchandise to the 27-nation EU will be responsible for tracking their supply chains to prove goods did not originate from deforested zones, relying on geolocation and satellite data.

Exporting countries considered high-risk would have at least nine percent of products sent to the EU subjected to checks.

The postponement of the law has yet to be approved by the European Parliament and member states.

burs-cb/bgs

H.Hayashi--JT