ANNOUNCEMENT 24 Jun 2015In June 2015, the government of Brazil announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
Roberto de Souza Feitosa, 4 September 2015, 'Special Programs as a Tool to Support the Brazilian Exports Plan', Thomson Reuters Tax & Accounting blog: https://tax.thomsonreuters.com/blog/onesource/special-programs-as-a-tool-to-support-the-brazilian-exports-plan/
Luis Celso de Sena, 30 July 2015, 'National Export Plan - Brazil', Thomson Reuters Tax & Accounting blog: https://tax.thomsonreuters.com/blog/onesource/national-export-plan-brazil/
Ministry of Development, Industry and Trade (MDIC), 'Ministro Armando Monteiro lan?a Plano Nacional de Exporta??es', press release of 24 June 2015: http://www.desenvolvimento.gov.br/sitio/interna/noticia.php?area=1¬icia=13866
Ministry of Development, Industry and Trade (MDIC), 'PLANO NACIONAL DE EXPORTA??ES 2015-2018 ': http://www.desenvolvimento.gov.br/arquivos/dwnl_1435244583.pdf
Valor Internacional 'beta version', 25 June 2015, 'Rousseff maintains subsidized rates of Proex Equaliza??o': http://www.valor.com.br/international/news/4107698/rousseff-maintains-subsidized-rates-proex-equalizacao
On 24 June 2015, the Ministry of Development, Industry and Trade (MDIC) launched the National Export Plan (in Portuguese: Plano Nacional de Exportaçőes, PNE). The ministry argues that although Brazil is an economic power house yet its export volume only represents 1.2% of worldwide exports.
The PNE program, which is based on five pillars. Each of them will be implemented with their own regulations:
Although Brazil intends to reduce red tape, some parts of the PNE might hurt foreign traders, in particular export financing. In 2015, the second and fourth pillar of the PNE stipulates the following steps with trade distorting characters:
The program lasts until 2018.