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: 15 Dec 2017 | Removal date: 15 Dec 2020
Still in force

State loan

On 15 December 2017, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 61.4 million (USD 18.5 million) loan allocated to the local refractory manufacturer Magnesita Refratários S.A. The objective of these resources is to finance the company's innovation program.

The repayment deadline for the credit has been set up on 15 December 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

373 Refractory products & structural non-refractory clay products
3816 Refractory cements, mortars, concretes and similar compositions, other than products of heading 38.01.
381600 Refractory cements, mortars, concretes and similar compositions, other than products of heading 38.01.
6902 Refractory bricks, blocks, tiles and similar refractory ceramic constructional goods, other than those of siliceous fossil meals or similar siliceous earths.
690210 Containing by weight, singly or together, more than 50 % of the elements Mg, Ca or Cr, expressed as MgO, CaO or Cr2O3
690220 Containing by weight more than 50 % of alumina (Al2O3), of silica (SiO2) or of a mixture or compound of these products

Please report this page in case you detect an inaccuracy in its content.