Today, we cover the Senate’s initiative to create a multilateral body to discuss Amazon issues. Red flags about Brazilian pensions. And the return of foreign investors to Brazil.
Brazil moves to reactivate Amazon Parliament
With Brazil suffering mounting pressure over Amazon deforestation, the Senate is working to reactivate the so-called “Amazon Parliament,” a multilateral forum formed by the nine countries across which the rainforest spreads.
- Created in 1989, the Amazon Parliament has been dormant for at least a decade. According to Senator Nelson Trad — who champions the initiative as chairman of the Senate’s Foreign Affairs Committee — this forum would allow for countries to cooperate on anti-deforestation measures, while “preserving the region’s autonomy and sovereignty.”
- Mr. Trad first vented the idea of reactivating the Amazon Parliament earlier this year, but the initiative was halted due to the pandemic. As Congress slowly resumes in-person activities — and its committees return to work — the idea has resurfaced.
Why it matters. Almost two-thirds of the Amazon Basin are within Brazilian borders, making the country pivotal for the success of any multilateral body on the issue.
At arm’s length. Mr. Trad made a point of saying the Senate’s initiative is independent from the...