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: 11 Aug 2015 | Removal date: open ended
Still in force

State loan

The Brazilian Development Bank BNDES announced a loan of 59 million real (USD 16 million) to Coopavel Cooperativa Agroindustrial, a pig and poultry cooperative in the east of the state Paraná. The credit line funding the cooperative is the Prodecoop, a program to develop the domestic agriculture and meat business. The loan represents 84.8 percent of the total investments by the cooperative. The loan is going to finance a unit for the production of pork meet is in Cascavel and the expansion of the poultry barns in Santa Tereza do Oeaste e Lindoeste. The projects are supposed to be completed by June 2017 and December 2016, respectively. 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. In the case of Predocoop loans, the interest rate is 8.75 percent per annum, whereas the Central Bank’s overnight rate is at about 14 percent.

AFFECTED COUNTRIES

MAP
TABLE
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AFFECTED SECTORS AND PRODUCTS

211 Meat & meat products
0206 Edible offal of bovine animals, swine, sheep, goats, horses, asses, mules or hinnies, fresh, chilled or frozen.
020622 Livers
0207 Meat and edible offal, of the poultry of heading 01.05, fresh, chilled or frozen.
020714 Cuts and offal, frozen
0210 Meat and edible meat offal, salted, in brine, dried or smoked; edible flours and meals of meat or meat offal.
021019 Other
215 Animal fats
0209 Pig fat, free of lean meat, and poultry fat, not rendered or otherwise extracted, fresh, chilled, frozen, salted, in brine, dried or smoked.
020910 Of pigs
441 Agricultural or forestry machinery & parts
8436 Other agricultural, horticultural, forestry, poultrykeeping or beekeeping machinery, including germination plant fitted with mechanical or thermal equipment; poultry incubators and brooders.
843610 Machinery for preparing animal feeding stuffs
843629 Other
843680 Other machinery
843691 Of poultrykeeping machinery or poultry incubators and brooders
843699 Other
445 Machinery for food, beverage & tobacco processing; parts
8438 Machinery, not specified or included elsewhere in this Chapter, for the industrial preparation or manufacture of food or drink, other than machinery for the extraction or preparation of animal or fixed vegetable fats or oils.
843810 Bakery machinery and machinery for the manufacture of macaroni, spaghetti or similar products
843820 Machinery for the manufacture of confectionery, cocoa or chocolate
843840 Brewery machinery
843850 Machinery for the preparation of meat or poultry
843860 Machinery for the preparation of fruits, nuts or vegetables
843880 Other machinery
843890 Parts

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