Global Trade Alert

On July 19th 2010, the Brazilian government, through the 'Medida Provisória nş 495' introduced changes in Law Nş 8.666, which establishes the general rules regarding administrative contracts and governmental procurement related to works, services, including marketing, acquisitions, sales and leases carried out by the three levels of government.
 
Among the main modifications in the Brazilian rules introduced by 'Medida Provisória Nş 495' is the establishment of a level of preference of up to 25% above the price of external manufactured goods or services, to be granted to local manufactured products, or national services or group of products or services, that comply with technical local regulations . The level of preference to be granted will be established according with criteria related to the creation of revenue and employment, the fiscal impact and national technological innovation.