…New estimates by the Dutch research institute Profundo, published today by Greenpeace Netherlands, show that the proposed trade deal between the EU and the Mercosur countries of Brazil, Argentina, Paraguay and Uruguay will greatly benefit billionaire food giants like the Brazilian company JBS, at the expense of nature, climate and the livelihoods of smallholder farmers and ecological farmers in the EU and in Mercosur…

According to Profundo’s research, JBS, the largest meat producer on earth, could gain €1.7 billion in extra profits before tax and €1.2 billion after tax by 2040 if the EU-Mercosur deal is adopted….

Greenpeace EU trade campaigner Lis Cunha said: “The EU-Mercosur deal will line the pockets of JBS, a meat giant linked through its supply chains to widespread nature destruction, human rights abuses and enormous climate pollution. Politicians should not enable billionaires like JBS to expand their predatory business models…

… The listing is paired with a restructuring, relocating JBS’s parent company from Brazil to the Netherlands. The restructuring also increases the voting control of the billionaire Batista brothers from 48% to almost 85%, limiting the ability of minority shareholders to influence the company on environmental or human rights issues. …