Dubai Telegraph - Relief in Brazil, Asia over delay to EU deforestation rules

EUR -
AED 4.17258
AFN 73.27737
ALL 91.859328
AMD 413.248933
ANG 2.034159
AOA 1041.867426
ARS 1732.627266
AUD 1.62491
AWG 2.046526
AZN 1.931008
BAM 1.955085
BBD 2.289773
BDT 139.978829
BGN 1.912675
BHD 0.42854
BIF 3406.48471
BMD 1.13617
BND 1.453182
BOB 13.920911
BRL 5.934891
BSD 1.136889
BTN 109.061652
BWP 15.544386
BYN 3.441342
BYR 22268.925387
BZD 2.286474
CAD 1.611531
CDF 2641.593994
CHF 0.946196
CLF 0.027846
CLP 1099.527859
CNY 7.624209
CNH 7.620926
COP 3829.368954
CRC 516.313529
CUC 1.13617
CUP 27.285146
CVE 110.224706
CZK 24.400777
DJF 202.446885
DKK 7.474667
DOP 67.685555
DZD 152.060918
EGP 59.158759
ERN 17.042545
ETB 185.266589
FJD 2.547009
FKP 0.857057
GBP 0.85803
GEL 2.948374
GGP 0.857057
GHS 13.227165
GIP 0.857057
GMD 84.076294
GNF 9998.169078
GTQ 8.682788
GYD 237.88304
HKD 8.912961
HNL 30.573572
HRK 7.532923
HTG 148.781028
HUF 368.000798
IDR 20478.321999
ILS 3.49204
IMP 0.857057
INR 109.111429
IQD 1488.950343
IRR 1562062.860277
ISK 136.988007
JEP 0.857057
JMD 179.967875
JOD 0.805566
JPY 178.684831
KES 147.473631
KGS 99.356336
KHR 4614.353793
KMF 491.961762
KPW 1022.553058
KRW 1540.71482
KWD 0.350847
KYD 0.947458
KZT 499.959435
LAK 25508.675066
LBP 101806.883545
LKR 376.302439
LRD 195.537659
LSL 18.682271
LTL 3.354814
LVL 0.687257
LYD 7.272374
MAD 10.948098
MDL 20.099652
MGA 4987.19883
MKD 61.552499
MMK 2385.242324
MNT 4087.054422
MOP 9.186242
MRU 45.543752
MUR 54.092851
MVR 17.56497
MWK 1971.388016
MXN 20.445712
MYR 4.637394
MZN 72.597398
NAD 18.682353
NGN 1501.982302
NIO 41.640411
NOK 10.849744
NPR 174.499978
NZD 2.007561
OMR 0.436864
PAB 1.136884
PEN 3.862952
PGK 5.049422
PHP 71.016322
PKR 314.775873
PLN 4.37277
PYG 6677.588332
QAR 4.141388
RON 5.278764
RSD 117.561742
RUB 96.011039
RWF 1678.527304
SAR 4.267355
SBD 9.119124
SCR 15.789353
SDG 683.412714
SEK 11.337593
SGD 1.452667
SHP 0.857131
SLE 27.914413
SLL 23824.900515
SOS 649.322841
SRD 42.817674
STD 23516.418098
STN 24.654882
SVC 9.947364
SYP 14772.478242
SZL 18.677255
THB 38.188943
TJS 10.48762
TMT 3.976594
TND 3.366669
TOP 2.735624
TRY 55.671694
TTD 7.716213
TWD 36.178478
TZS 2993.810404
UAH 51.016675
UGX 4450.373125
USD 1.13617
UYU 45.57314
UZS 13432.389666
VES 973.373876
VND 29502.917628
VUV 135.109369
WST 3.146406
XAF 655.957
XAG 0.018665
XAU 0.000274329108
XCD 3.070556
XCG 2.048951
XDR 0.803331
XOF 655.957
XPF 119.331742
YER 268.846098
ZAR 18.675618
ZMK 10226.898054
ZMW 22.141004
ZWL 365.846168
SSP 6490.473616
MXV 2.314917
  • CMSD

    -0.0300

    20.27

    -0.15%

  • CMSC

    0.0000

    20.4

    0%

  • RIO

    -0.1500

    94.41

    -0.16%

  • BTI

    0.4200

    56.05

    +0.75%

  • RBGPF

    1.6000

    67

    +2.39%

  • BCE

    -0.4100

    20.56

    -1.99%

  • GSK

    0.4600

    49.7

    +0.93%

  • AZN

    -0.4300

    166.15

    -0.26%

  • BP

    0.2800

    44.43

    +0.63%

  • RYCEF

    0.4000

    19.71

    +2.03%

  • BCC

    -0.5500

    76.59

    -0.72%

  • JRI

    -0.2500

    10.77

    -2.32%

  • RELX

    -0.4500

    33.07

    -1.36%

  • VOD

    -0.0400

    16.58

    -0.24%

  • NGG

    -0.2500

    75.24

    -0.33%

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

A.Ragab--DT