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TRADE ACCOUNTS PAYABLE | 12 Months Ended
--- | ---
Dec. 31, 2020
TRADE ACCOUNTS PAYABLE |
TRADE ACCOUNTS PAYABLE | 17.TRADE ACCOUNTS PAYABLE
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
In local currency |  |  |  |
Related party (note 11.1) (1) |  | 2,849 |  | 2,477
Third party |  | 1,865,632 |  | 1,288,775
In foreign currency |  |  |  |
Third party (2) |  | 492,617 |  | 1,085,207
|  | 2,361,098 |  | 2,376,459
| 1) |  | The balance refers to transactions with Ibema and Nemonorte, entities that are not consolidated by the Company.
| 2) |  | The Company had a take or pay agreement with Klabin S.A., following the requirements imposed by the European Union's competition authority, this contract expired in July 2019. On December 31, 2019, the amount of R$936,887 in the consolidated refers to purchases of Klabin's pulp.

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