The Ministries of Finance and Development, Industry, Commerce and Services (MDIC) published this Wednesday (12) the Ordinance 21which expands the Sovereign Brazil Plan, to help companies affected by tariffs imposed by the United States.
With the new measure, Companies that have 1% of export revenue to the United States, between July 2024 and June 2025, impacted by tariffs will be able to access the program.
In the previous rule, companies, individual micro-entrepreneurs and rural producers that could prove an impact of more than 5% of gross revenue on exports to the United States could seek emergency financing lines.
The credit lines total R$30 billion and are operated by the National Bank for Economic and Social Development (BNDES). The Brazilian and United States governments continue to negotiate rates.
“While negotiating with the USA, the government of President Luiz Inácio Lula da Silva continues to pay attention to the needs of the productive sector”, said the vice-president and minister of the MDIC, Geraldo Alckmin, in a statement. “We expanded the billing criteria and, as we had already foreseen in the Plan, we increased the sectoral coverage to also include suppliers”, he added.
The ordinance also expanded the type of company that can seek support, including companies that supply to exporters, also with the criterion of 1% of gross revenue as a minimum impact.
Negotiations
The Minister of Foreign Affairs, Mauro Vieira, met this Wednesday (12) with the North American Secretary of State, Marco Rubio, in Niagara, Canada, on the sidelines of the G7 meeting, a group of the most industrialized countries in the world.
According to Itamaraty, the two talked about the progress of bilateral negotiations involving trade tariffs.
Mauro Vieira reported that Brazil sent, on November 4th, a negotiation proposal to the United States, after a virtual meeting between the technical teams of the two countries.
