The Chamber of Deputies in Brazil approved a draft legislative decree that contains complements to the free trade agreement between Brazil and Chile within Mercosur. The agreement was signed in 2018 and, since then, only Chile has recognized it. The ratification of all Mercosur members (Brazil, Argentina, Uruguay and Paraguay) is required. The text will move to the Senate.
The agreement is divided into 24 chapters, including environment, sanitary and phytosanitary measures related to trade, economic-commercial cooperation and micro and small businesses. In the environmental area, the two countries undertake, from the date of approval of the text, that neither of them should “stop effectively applying its environmental legislation through a course of action or inaction, continuous or recurring, and that affects trade or investment between the parties”. Both States should also promote the contribution of indigenous peoples and traditional communities to sustainable development.
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