IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

Yes

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jul 2017 | Removal date: 30 Jun 2018
Still in force

State loan

The 2017/2018 Agricultural and Livestock Plan of Brazil launched by the government on June 7, 2017, also includes a decrease in the budget allocated to the Agricultural Carbon Reduction Program (i.e. ABC by its acronym in Portuguese). The new budget was set at USD 649 million (BRL 2,130 million) while the budget provided in the 2016/2017 Agricultural and Livestock Plan was USD 911.5 million (BRL 2,990 million). However, the interest rate has been decreased from 8.5% to 7.5%. 

Beneficiaries can obtain credit lines to up to circa USD 671,000 (BRL 2.2 million).

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

019 Forage; natural rubber; living plants; raw vegetable materials
0601 Bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormant, in growth or in flower; chicory plants and roots other than roots of heading 12.12.
060110 Bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormant
0602 Other live plants (including their roots), cuttings and slips; mushroom spawn.
060290 Other
0603 Cut flowers and flower buds of a kind suitable for bouquets or for ornamental purposes, fresh, dried, dyed, bleached, impregnated or otherwise prepared.
060311 Roses

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