IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 19 Apr 2017 | Removal date: 19 Apr 2020
Still in force

State loan

On 19 April 2017, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 46.5 million (circa USD 15 million) loan allocated to the local sportswear manufacturer Dass Nordeste Calçados e Artigos Esportivos S.A. The objective of these resources is to finance the company's innovation program set for the period 2016/2019.

The repayment deadline for the credit has been set up on 19 April 2020.

 
FINEP lending
The resources enclosed on the programs managed by FINEP are limited to Brazilian companies and seek to boost the national and international competitiveness of these businesses.

The interest rates set on the credit lines are composed of the long-term interest rate (TJLP) plus a supplement ranging between 1.5% and 7%, depending on the credit line and the repayment period.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

294 Sports footwear, except skating boots
6404 Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of textile materials.
640411 Sports footwear; tennis shoes, basketball shoes, gym shoes, training shoes and the like
384 Sports goods
9506 Articles and equipment for general physical exercise, gymnastics, athletics, other sports (including tabletennis) or outdoor games, not specified or included elsewhere in this Chapter; swimming pools and paddling pools.
950629 Other
950651 Lawntennis rackets, whether or not strung
950661 Lawntennis balls
950662 Inflatable
950670 Ice skates and roller skates, including skating boots with skates attached
950691 Articles and equipment for general physical exercise, gymnastics or athletics
950699 Other

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