The world’s largest meat company JBS could earn €1.7 billion (US$1.9 billion) in additional profits by 2040 if the highly contested EU-Mercosur trade deal is adopted, according to new analysis by Profundo. The Dutch research platform argues that new environmental damages might accompany extra profits, given that activists have repeatedly linked JBS to deforestation. The EU-Mercosur agreement features a new quota of 99,000 metric tons of beef from Mercosur countries, entering the EU at a reduced 7.5% tariff. This quota is to be phased in over five years. Additionally, 180,000 metric tons of poultry would enter member states duty-free.
