IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 22 Dec 2014 | Removal date: open ended
Still in force

State loan

Brazilian Development Bank (BNDES) announced to support the port and ship operator Hidrovias do Brasil Vila do Conde S.A., a subsidiary of Hidrovias do Brasil S.A., with a bridging loan of 404 million real (USD 134.52 million). The sum, representing 65% of the total investment, is going to finance a new private port terminal at Porto Organizado de Vila do Conde, in Barcarena (Pará). The objective is to relieve road traffic and minimize costs by exporting agricultural goods on waterways. The measure is considered discriminatory since, in general, the Brazilian Development Bank provides credits with below-market interest rates only to legal persons (private or public) based in Brazil.

AFFECTED COUNTRIES

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