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: 26 Apr 2016 | Removal date: 26 Jul 2018
Still in force

State loan

On 26 April 2016, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 172 million (USD 48.8 million) loan allocated to the local company Calamo Distribuidora de Produtos de Beleza S.A. The objective of these resources is to finance the research and development of the Grupo Boticário.

The repayment deadline for the credit has been set up on 26 July 2018.


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

353 Soap, cleaning preparations, perfumes & toilet preparations
3304 Beauty or makeup preparations and preparations for the care of the skin (other than medicaments), including sunscreen or sun tan preparations; manicure or pedicure preparations.
330410 Lip makeup preparations
330420 Eye makeup preparations
330430 Manicure or pedicure preparations
330491 Powders, whether or not compressed
330499 Other

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