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: 13 Nov 2015 | Removal date: 13 Nov 2018
Still in force

State loan

On 13 November 2015, the Brazilian Company of Innovation and Research (FINEP) announced the approval of a BRL 115.6 million loan (USD 30.2 million at the time of the measure) allocated to Avibras Indústria Aeroespacial S.A., a local engineering company engaged in the development of defense systems. The objective of these resources is to finance the development of innovative technologies for the rocket artillery Astros 2020 system.

The repayment deadline for the credit has been set to 13 November 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

447 Weapons & ammunition & parts
9301 Military weapons, other than revolvers, pistols and the arms of heading 93.07.
930110 Artillery weapons (for example, guns, howitzers and mortars)
930120 Rocket launchers; flamethrowers; grenade launchers; torpedo tubes and similar projectors

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