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: 10 Oct 2016 | Removal date: 10 Oct 2019
Still in force

State loan

On 10 October 2016, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 34.8 million (circa USD 11 million) loan allocated to the local IT and telecommunications company Fundação CPqD Centro de Pesquisa e Desenvolvimento em Telecomunicações. The objective of these resources is to finance the development of an open platform of technologies related to the internet of things and their applications.

The repayment deadline for the credit has been set up on 10 October 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

842 Internet telecommunications services

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