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Latest Business News

Brazil's New Forestry Law Draws Praise

Friday, March 23, 2007 3:12:56 AM
By MICHAEL ASTOR

RIO DE JANEIRO, Brazil (AP) - New rules that allow sustainable logging of national forests in the threatened Amazon drew guarded praise from both environmentalists and loggers.

President Luiz Inacio da Silva this week issued rules to carry out the law, passed last year by Congress, that opens national forests to use by private companies and citizens.

Officials are supposed to create a registry of all public lands in the Amazon region and the National Forestry Service will then determine which areas can be opened up for concessions.


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