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US And Brazil Agree To Promote Development In The Amazon

The US and Brazil have agreed to promote private-sector development in the Amazon and has also pledged a $100 million biodiversity conservation fund for the world's largest rainforest

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We also found that there are many barriers that disadvantage women in the event of a disaster, leaving them behind when it comes to decision-making and potentially slowing down their recovery. Pixabay

The US and Brazil have agreed to promote private-sector development in the Amazon and has also pledged a $100 million biodiversity conservation fund for the world’s largest rainforest which has been ravaged by massive wildfires.

The developments took place during a meeting here on Friday between Brazilian Foreign Minister Ernesto Araujo and US Secretary of State Mike Pompeo, the BBC reported.

Addressing the media, Araujo said opening the rainforest to economic development was the only way to protect it, adding that claims the country was “not able to cope with the challenges” were false.

“We want to be together in the endeavour to create development for the Amazon region which we are convinced is the only way to protect the forest.

“So we need new initiatives, new productive initiatives, that create jobs, that create revenue for people in the Amazon and that’s where our partnership with the US will be very important for us,” he said.

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President Donald Trump greets Brazilian President Jair Bolsonaro during a news conference in the Rose Garden of the White House, March 19, 2019. VOA

Pompeo said the biodiversity investment fund would support businesses in hard to reach areas of the Amazon.

“The Brazilians and the American teams will follow through on our commitment that our presidents made in March. We’re getting off the ground a $100 million, 11-year Impact Investment Fund for Amazon biodiversity conservation and that project will be led by the private sector.”

More than 80,000 fires have broken out in the Amazon rainforest so far this year, the BBC said.

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Also on Friday, Finland urged European Union countries to consider stopping importing beef and soybeans from Brazil in order to put pressure on Brazil to tackle the fires.

Last week seven South American countries agreed on measures to protect the Amazon river basin.

Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru and Suriname signed a pact, setting up a disaster response network and satellite monitoring.

At a summit in Colombia, they also agreed to work on reforestation. (IANS)

Next Story

Amazon To Empower SMBs in India By Exporting Products Worth $10bn

According to Prabhu Ram, Head, Industry Intelligence Group (IIG), CMR, SMBs in India account for 45 per cent of industrial output, creating employment for 60 million Indians and roughly 1.3 million jobs annually

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Amazon
Amazon wants to make sure that the current perception of the company among the small businesses go away, else this will further call for strict scrutiny from the regulators and protests from small traders. VOA

$1 billion commitment by Amazon to empower small and medium businesses (SMBs) in India is Jeff Bezos’ attempt to change the e-commerce giant’s perception among small businesses which are in a retaliatory mode, industry experts said on Wednesday.

Bezos announced that the e-commerce major, through its global footprint, will help SMBs export products worth $10 billion by 2025. This move is seen as a measure to calm the growing unrest and protests going on under the aegis of the Confederation of All India Traders (CAIT).

“Amazon wants to make sure that the current perception of the company among the small businesses go away, else this will further call for strict scrutiny from the regulators and protests from small traders,” Satish Meena, Senior Forecast Analyst with Forrester, told IANS.

Over the next five years, Amazon will invest $1 billion to digitise micro and small businesses in cities, towns and villages across India, helping them reach more customers than ever before, announced Bezos.

According to Meena, this is in line with what Amazon is planning to do in India for the next few years.

“They need partnerships with SMBs for products to cater not only to the Indian customers, but also to customers outside the country,” he said. Amazon said it would establish ‘Digital Haats’ in 100 cities and villages to help businesses integrate into the digital economy.

According to Prabhu Ram, Head, Industry Intelligence Group (IIG), CMR, SMBs in India account for 45 per cent of industrial output, creating employment for 60 million Indians and roughly 1.3 million jobs annually. “The SMBs, however, are constrained by multiple challenges, including access to skills, talent, finance, and most importantly, digital outreach,” Ram told IANS.

Amazon
$1 billion commitment by Amazon to empower small and medium businesses (SMBs) in India is Jeff Bezos’ attempt to change the e-commerce giant’s perception among small businesses which are in a retaliatory mode, industry experts said on Wednesday. Pixabay

“This is where SMB-centric initiatives, such as Amazon’s commitment, are a welcome initiative to digitally support SMBs, enabling them to gain knowledge, reach their target audience, achieve scale, and while doing so, be able to measure their growth metrics,” Ram said.

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In the end, added Meena, SMBs in India also need handholding in product development, capital investment and access to market. (IANS)