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 Feb 2015 | Removal date: open ended
Still in force

State loan

On 9 February 2015, the Brazilian Development Bank (BNDES) announced to finance J. Macedo S/A with 79.5 million real (USD 26.03 million). The company, which produces wheat products, is going to build silos with a capacity of about 40'000 tons at its Fortaleza site. The project is planned to be finalized by March 2017 and create 70 new jobs.
 
The ultimate goal of the financial support is to improve the sale of wheat flour (products) in the Northeast Region of Brazil. For this reason, the tariff lines affected represent the trade flow in imported products based on wheat flour.
 
In general, the Brazilian Development Bank provides credits with below-market interest rates to legal persons (private or public) based in Brazil. Besides this, the bank imposes local content requirements on goods (mainly capital goods), services and software. However, it makes exceptions when there is no national production of those goods.
 
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

231 Grain mill products
1101 Wheat or meslin flour.
110100 Wheat or meslin flour.
1901 Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing less than 40 % by weight of cocoa calculated on a totally defatted basis, not elsewhere specified or included; food preparations of goods of
190120 Mixes and doughs for the preparation of bakers' wares of heading 19.05
232 Starches & starch products; sugars & sugar syrups n.e.c.
1108 Starches; inulin.
110812 Maize (corn) starch
110814 Manioc (cassava) starch
110820 Inulin
234 Bakery products
1905 Bread, pastry, cakes, biscuits and other bakers' wares, whether or not containing cocoa; communion wafers, empty cachets of a kind suitable for pharmaceutical use, sealing wafers, rice paper and similar products.
190520 Gingerbread and the like
190531 Sweet biscuits
190532 Waffles and wafers
237 Macaroni, noodles, couscous & similar farinaceous products
1902 Pasta, whether or not cooked or stuffed (with meat or other substances) or otherwise prepared, such as spaghetti, macaroni, noodles, lasagne, gnocchi, ravioli, cannelloni; couscous, whether or not prepared.
190211 Containing eggs
190219 Other
190220 Stuffed pasta, whether or not cooked or otherwise prepared
239 Food products n.e.c.
1901 Malt extract; food preparations of flour, groats, meal, starch or malt extract, not containing cocoa or containing less than 40 % by weight of cocoa calculated on a totally defatted basis, not elsewhere specified or included; food preparations of goods of
190110 Preparations for infant use, put up for retail sale
190190 Other
1905 Bread, pastry, cakes, biscuits and other bakers' wares, whether or not containing cocoa; communion wafers, empty cachets of a kind suitable for pharmaceutical use, sealing wafers, rice paper and similar products.
190590 Other
391 Wastes from food & tobacco industry
2302 Bran, sharps and other residues, whether or not in the form of pellets, derived from the sifting, milling or other working of cereals or of leguminous plants.
230250 Of leguminous plants

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