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IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
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Inception date: 02 May 2019 | Removal date: open ended

Trade finance

On 2 May 2019, the BNDES has approved a pre-shipment loan to Teksid do Brasil Ltda to finance its exports of iron and aluminium products.

The total value of the approved loan has been circa BRL 86.8 million (circa USD 22 million at the time of the approval).

The economic resources have been distributed via the BNDES Exim Pré-embarque credit scheme which provides companies with loans with preferential interest rates of up to 80% for big companies and 100% for SMEs, and terms ranging between 3 and 4 years depending on the size of the company. Moreover, these credits are disbursed before the manufacturing and exportation of the goods. 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

411 Basic iron & steel
7207 Semifinished products of iron or nonalloy steel.
720720 Containing by weight 0.25 % or more of carbon
429 Other fabricated metal products
7325 Other cast articles of iron or steel.
732510 Of nonmalleable cast iron
431 Engines & turbines & parts
8409 Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08.
840991 Suitable for use solely or principally with sparkignition internal combustion piston engines
840999 Other
433 Bearings, gears, gearing & driving elements; parts
8483 Transmission shafts (including cam shafts and crank shafts) and cranks; bearing housings and plain shaft bearings; gears and gearing; ball or roller screws; gear boxes and other speed changers, including torque converters; flywheels and pulleys, including
848310 Transmission shafts (including cam shafts and crank shafts) and cranks
491 Motor vehicles, trailers & semi-trailers; parts
8708 Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
870899 Other
492 Motor vehicle bodies; trailers & parts thereof
8708 Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
870829 Other

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