On 24 June 2015, the Ministry of Development, Industry and Trade (MDIC) launched the National Export Plan (in Portuguese: Plano Nacional de Exportaçőes, PNE). The ministry argues that although Brazil is an economic power house yet its export volume only represents 1.2% of worldwide exports.
The PNE program, which is based on five pillars. Each of them will be implemented with their own regulations:
- Pillar 1: Access to new markets by expanding bilateral and multilateral agreements
- Pillar 2: Trade promotion targeting 32 markets
- Pillar 3: Streamlining administrative processes, e.g., removal of red tape, such as through an Authorized Economic Operator program
- Pillar 4: Export finance and guarantees
- Pillar 5: Beneficial tax regimes for exports bystreamlining fiscal processes such as Reintegra (tax refund based on export value), drawback, PIS-COFINS taxes (finance unemployment, retirement, and health insurance), and RECOF (import tax exemption)
Although Brazil intends to reduce red tape, some parts of the PNE might hurt foreign traders, in particular export financing. In 2015, the second and fourth pillar of the PNE stipulates the following steps with trade distorting characters:
- Extension of programs promoting exports, such as Design Export, technical consulting (PEIEX), improvement of business display (Vitrine do Exportador), and the National Plan of Export Culture (PNCE)
- Proex Equalizaçăo, a subsidized export-credit program, increases its disbursements by 30% compared to its budget in 2014. This year's financial plan allots 1.5 billion real (about USD 380 million). The Proex Equalizaçăo stands for Project for Export Financing and Interest Rate Equalization where the government takes over some of the costs charged by financial providers.
- BNDES EXIM pre-shipment: increase of budget and companies eligible for grants. BNDES is Brazil's National Development Bank.
- BNDES EXIM post-shipment: increase of financial support from USD 2 billion to USD 2.9 billion
- Increase of export credit guarantee fund (Fundo de Garantia ŕs Exportaçőes) up to USD 15 billion.
- Elevation of maximum export value for export guarantees for SMEs from USD 1 million to USD 3 million.
The program lasts until 2018.