IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 31 May 2016 | Removal date: open ended
Still in force

Trade finance

On May 31, 2016 Law 13.292 allowed for all Brazilian agricultural exports that suffer from import restrictions in their destination countries to be insured by the Brazilian Managing Agency of Insurance and Guarantee Funds (FGE or the Agência Brasileira Gestora de Fundos Garantidores e Garantias S.A). The FGE will have $28 billion at its disposal to cover the risks of such agricultural goods abroad and a $7 billion margin to be approved in the future. The premium risk for each good is calculated on the value of it but taking into consideration political, financial and liquidity risks. 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

011 Cereals
012 Vegetables
013 Fruits & nuts
014 Oilseeds & oleaginous fruits
015 Edible roots & tubers with high starch or inulin content
016 Stimulant, spice & aromatic crops
017 Pulses (dried leguminous vegetables)
018 Sugar crops
019 Forage; natural rubber; living plants; raw vegetable materials
021 Live animals
022 Raw milk
023 Eggs of hens or other birds in shell, fresh
024 Reproductive materials of animals
029 Other animal products
031 Wood in the rough
032 Non-wood forest products
041 Fish, live, not for human consumption
042 Fish live, fresh or chilled for human consumption
043 Crustaceans, live, fresh or chilled
044 Molluscs live, fresh or chilled
045 Other aquatic invertebrates, live, fresh or chilled
049 Other aquatic plants & animals

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