ANNOUNCEMENT 18 Dec 2014

On 18 December 2014, the Brazilian Development Bank (BNDES) announced to finance the biofuel producer Biovertis Produçăo Agrícola Ltda. The loan includes the condition to source capital goods from Brazil.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 18 Dec 2014 | Removal date: open ended
Still in force

State loan

Brazilian Development Bank (BNDES) announced to finance the biofuel producer Biovertis Produçăo Agrícola Ltda. with a 139.3 million real (USD 46.38 million) loan to improve its cane sugar management system. The measure is considered to be discriminatory since the Brazilian Development Bank provides credits with below-market interest rates only to legal persons (private or public) based in Brazil.

AFFECTED SECTORS

 

AFFECTED PRODUCTS