ANNOUNCEMENT 29 Apr 2010

In April 2010, the government of Brazil announced a change in financial export support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Apr 2010 | Removal date: 30 Mar 2011
Still in force

Trade finance

The Brazilian Development Bank (BNDES) implemented a new credit line amounting to BRL 7 billion (ca. USD 4.2 billion) for the pre-shipment phase of exports of consumer goods, in a decision announced on 29 April 2010. The initial interest rate is 7% per year until the end of June when it will be increased to 8% per year.
 
It is worth noting that on 29 April 2010 the Brazilian central bank's target overnight interest rate was 9.5%, suggesting a degree of subsidisation is factored into the credit line.

AFFECTED PRODUCTS

 
020610 020621 020622 020629 020641 020649 020711 020712 020713 020714 020725 020726 020727 020910 021012 021019 021020 021099 030343 030357 030389 030390 030431 030489 030559 030571 040390 040510 040610 040630 040690 081190 150710 150790 150810 151110 151190 151211 151229 151499 151521 151590 160100 160231 160232 160239 160241 160242 160249 160250 160413 160414 160415 160420 200290 200540 200580 200599 200799 200811 200819 200830 200870 200891 200899 200911 200912 200919 200939 200941 200949 200969 200979 200981 200989 220210 220290 220300 220429 220430 220600 220710 220720 220830 220840 230110 230120 230400 240220 240319 240391 240399 252310 252329 271500 281810 281820 281830 370130 370199 370790 380110 380130 381600 382440 382490 391620 391710 391723 391729 391732 391733 391739 391740 391910 391990 392010 392020 392030 392043 392049 392051 392061 392062 392091 392092 392099 392112 392113 392119 392190 392310 392321 392329 392330 392350 392390 392410 392490 392590 392630 392690 400821 400829 400911 400922 400931 400932 400941 400942 401011 401031 401032 401035 401039 401110 401120 401130 401140 401150 401161 401162 401163 401169 401192 401193 401194 401199 401290 401310 401390 401490 401511 401519 401610 401693 401699 410411 410419 410441 410449 410711 410712 410719 410791 410792 410799 411200 420500 430219 440710 440729 440799 440810 440839 440890 440910 440929 441011 441012 441112 441192 441194 441231 441232 441239 441294 441299 441510 441700 441820 441872 441879 441890 442190 450490 470200 470311 470319 470321 470329 470610 470620 470692 470693 480220 480254 480255 480256 480257 480258 480261 480262 480411 480419 480421 480431 480439 480442 480511 480512 480519 480524 480591 480592 480640 480810 480840 481013 481019 481022 481029 481031 481032 481039 481092 481099 481141 481151 481159 481160 481190 481320 481390 481810 481820 481910 481920 481930 481940 482110 490199 490290 491110 491191 491199 600192 600410 600532 600622 600632 610610 610910 610990 611241 611430 620462 620520 620891 621210 621290 680221 680223 680229 680291 680292 680293 680299 680300 680422 680690 680911 680919 681091 681140 681181 681182 681381 681389 681410 681591 681599 690210 690220 690290 690320 690510 690710 690790 690810 690890 690911 690990 691090 691200 700220 700231 700232 700239 700319 700521 700529 700711 700721 700729 700910 701010 701090 701110 701328 701337 701342 701349 701911 701912 701931 710691 710692 710812 711230 711292 711299 711319 711320 711420 844313 844316 844319 844331 844332 844399 847050 847090 847130 847149 847150 847170 847190 847330 847340 850110 850131 850132 850134 850140 850151 850152 850153 850161 850163 850164 850211 850212 850213 850220 850231 850239 850300 850410 850421 850422 850423 850431 850432 850433 850434 850440 850450 850490 850610 850650 850710 850760 850790 851110 851130 851140 851150 851180 851190 851210 851220 851230 851240 851290 851712 851761 851762 851769 851770 851821 851829 851890 852691 852692 852721 852729 852851 852871 852872 852910 852990 853110 853120 853210 853222 853225 853229 853340 853400 853529 853530 853540 853590 853620 853630 853641 853649 853650 853669 853690 853710 853720 853810 853890 853922 853931 853932 854130 854190 854232 854239 854320 854370 854390 854411 854420 854430 854442 854449 854460 854470 854511 854520 854610 854620 854690 854720 860692 860699
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