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: 04 Sep 2017 | Removal date: open ended
Still in force

State loan

On Septemeber 4, 2017, the National Bank for Economic and Social Development of Brazil (BNDES) approved a credit of circa USD 22.3 million for the Brazilian company Piraquê S/A to finance the construction of a biscuit factory and distribution centre in Queimados. The objective of the company is to improve its production, operation, marketing and logistics processes to boost its growth beyond the biscuits and pasta market in the region. Direct competitors are Nestlé, Bauducco, Mabel, Marilan, Parati and Mondelez.

This credit line comes from the GIRO Program launched on August 23, 2017 (see related state acts).

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

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
239 Food products n.e.c.
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
445 Machinery for food, beverage & tobacco processing; parts
8417 Industrial or laboratory furnaces and ovens, including incinerators, nonelectric.
841720 Bakery ovens, including biscuit ovens

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