Americas
Brazil’s AG Proposes Delay to Law Tied to Amazon Protection Pact
Workers use a combine harvester during a harvest at a soy farm in Orizona, Goias state, Brazil.
Photographer: Dado Galdieri/BloombergBrazil’s Attorney General has recommended a four-month delay to a state law that will remove tax benefits from crop traders that obey a landmark deal created to protect the Amazon against deforestation.
The top soybean-growing state of Mato Grosso earlier this year enacted the law involving the so-called Soy Moratorium, but political parties contested the move in the Supreme Court. A November court decision ruled partly in favor of the state, and as of Jan. 1 traders supporting the pact may no longer receive tax benefits.