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: 28 Sep 2016 | Removal date: 28 Sep 2019
Still in force

State loan

On 28 September 2016, the Brazilian Company of Innovation and Research (FINEP) announced the approval of BRL 33 million (USD 10 million) loan allocated to the local houseware manufacturer Brinox Metalurgica S.A. The objective of these resources is to finance the research and development of innovative products and processes of household utensils.

The repayment deadline for the credit has been set to 28 September 2019.


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

319 Other products of wood, cork or straw
4419 Tableware and kitchenware, of wood.
441900 Tableware and kitchenware, of wood.
369 Other plastics products
3924 Tableware, kitchenware, other household articles and hygienic or toilet articles, of plastics.
392410 Tableware and kitchenware
392490 Other
429 Other fabricated metal products
7323 Table, kitchen or other household articles and parts thereof, of iron or steel; iron or steel wool; pot scourers and scouring or polishing pads, gloves and the like, of iron or steel.
732393 Of stainless steel

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