AGP Executive Report
Last update: 10 hours agoPhilippines-Brazil ties: The Philippines’ foreign affairs chief Ma. Theresa P. Lazaro will visit São Paulo and Brasília from Aug. 10-13 to deepen cooperation with Brazil across trade, investment, defense, energy, agriculture, science/tech, digital transformation, tourism and sports. US sanctions ripple to Brazil: The US Senate passed a sweeping Russia sanctions bill that could trigger tariffs up to 100% for major Russian-energy buyers; India, China and Brazil were cited in a senator’s statement, raising trade and energy-cost risks. Amazon watch: Brazil’s Amazon deforestation fell 37% year-on-year to 2,874 sq km in the 12 months through July, pointing to the lowest official loss since 1988 as US pressure over environmental practices continues. Crypto policy: Brazil tightens crypto transfers to curb fraud, while regulators globally move toward a “stablecoin firewall” that can freeze or redirect cross-border stablecoin flows. Food trade: Brazilian soybean exporters expect historically high volumes to China, with June imports staying strong. Diplomacy shock: Brazil downgraded ties with Argentina to charge d’affaires after Milei’s attacks on Lula, underscoring election-era foreign influence concerns.
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