Yes, there are a number of laws set to protect the Amazon rainforest. IBAMA, Brazil’s environmental protection agency has set number of laws to help stem the depletion of the rainforest. Unfortunately, IBAMA is very underfunded and unable to fully enforce many of the conservation laws, only collection 6.5% of the fines it imposes.
There are Brazilian laws which require that landowners in the Amazon basin maintain rain forest on 80% of their land. But since Brazil has little in the way of money for its Environmental Law Enforcement, loggers and farmers can for the most part ignore this law.
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