Brazil: Protecting environment not only European 'interest'

President Donald Trump, left, meets with Brazilian President Jair Bolsonaro, left, during a bilateral meeting on the sidelines of the G-20 summit in Osaka, Japan, Friday, June 28, 2019. (AP Photo/Susan Walsh)

RIO DE JANEIRO — Brazil's foreign minister says protecting the environment "is not only a European interest" after France said it will ratify a free-trade deal between the European Union and the South American bloc Mercosur only if Brazil respects its commitment to reduce deforestation.

The EU and Mercosur last Friday finalized an agreement that would integrate the blocs into a market of 800 million people. But the deal must still be ratified by the legislatures of the countries involved.

The French government said Tuesday that it was yet not ready to ratify the pact, saying Brazil must "respect its commitments" to protecting its rainforest.

Other News

Fidel Castro thanks Cuba, criticizes Obama, on 90th birthday

Aug 14, 2016

Fidel Castro thanked Cubans for their well-wishes on his 90th birthday and criticized President Barack Obama in a lengthy letter published in state media

Asian stocks mostly higher after Wall Street decline

Aug 17, 2016

Asian stock markets were mostly higher Wednesday after Wall Street declined

Global stocks dip ahead of release of Fed minutes

Aug 17, 2016

Global stocks and the price of oil dipped Wednesday as investors awaited the release of the minutes to the Federal Reserve's latest meeting for hints on when the next interest rate increase might come

The Budget Report seeks to provide comprehensive coverage and analysis on the current economic, financial issues around the world. First hand finance and economic news all day, every day.