00:00 The fourth summit of the Amazon Cooperation Treaty Organization begins on Tuesday in the
00:04 Brazilian city of Belém.
00:06 Brazilian President Lucinácio Lula da Silva said that regional leaders will discuss a
00:10 sustainable development model and continue to demand compensation from British nations
00:16 to keep the rainforest standing and to foster sustainable economic development for the millions
00:21 of people living in the Amazon rainforest.
00:24 Lula said they will be tough on deforestation in favor of a new green industrialization.
00:30 The Amazon Cooperation Treaty Organization, created in 1995, is made up of Bolivia, Brazil,
00:36 Colombia, Ecuador, Guyana, Peru, Suriname and Venezuela.
00:41 The last summit was held in 2009.
00:43 The Amazon rainforest has lost over 85 million hectares due to deforestation, 13 percent
00:50 of its original area.
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