AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Tax-based export incentive
On 10 September 2014, the Brazilian Finance Minister Guido Mantega informed the media, that the Brazilian Government decided to introduce an export credit on sugar and ethanol exports. The credit rate will be at 0.3% of the total export value and part of the Reintegra regime (already explained in #4593). The aim of this measure is to increase demand for Brazilian biofuel.
According to Mantega, the rate will be lifted to 3% in 2015.
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