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: 09 Jan 2014 | Removal date: open ended
Still in force

State loan

Geneseas Aquacultura Ltda will receive a 15.8 million real (US$ 7 million) loan to finance two fish farms and one processing house. Delicious Fish Agroindústria e Comércio de Pescados Ltda receives a fund of 18.5 million real (US$ 8 milion) to extend its pisciculture installations. BNDES founded the Proaquicultura program in 2012 with the goal of improving the production chains of the national fisheries sector. The program has a budget of 500 million Real until 31 December 2017. BNDES has the power to back 80% of the investments carried out by domestic companies. In case of machinery and other equipment of national production, the BNDES has the right to support the investments by 100%. The Brazilian Development Bank provides credits with below-market interest rates to legal persons (private or public) with headquarters and administrations in Brazil. In the case of companies with headquarters abroad, majority shareholders (private or public) need to have residence in Brazil. This also applies to the Proaquicultura program (see Circular No. 04/2013-BNDES).

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

422 Tanks, reservoirs & containers of iron, steel or aluminium
7309 Reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of iron or steel, of a capacity exceeding 300 l, whether or not lined or heatinsulated, but not fitted with mechanical or thermal equipment.
730900 Reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of iron or steel, of a capacity exceeding 300 l, whether or not lined or heatinsulated, but not fitted with mechanical or thermal equipment.
429 Other fabricated metal products
7310 Tanks, casks, drums, cans, boxes and similar containers, for any material (other than compressed or liquefied gas), of iron or steel, of a capacity not exceeding 300 l, whether or not lined or heat insulated, but not fitted with mechanical or thermal equ
731010 Of a capacity of 50 l or more
731021 Cans which are to be closed by soldering or crimping
731029 Other

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