S\u00e3o Paulo \u2013 The package for industrial support announced on Tuesday (3) by the government of Brazil includes incentives to exporters. According to figures disclosed by the Ministry of Development, Industry and Foreign Trade, to be considered \u201cmainly exporter\u201d the company needs 50% of revenues coming from foreign sales, and no longer 60% and 70%, depending on the area of operation.<\/p>\n
Companies that fit this profile may buy inputs without paying the Tax on Industrialized Products (IPI), the Program for Social Integration fee (PIS) and the Contribution for Financing Social Security (Cofins).<\/p>\n
\u201cThis measure is an advance to avoid the accumulation of taxes that must now be returned to exporters. This way, competitiveness of the Brazilian product is guaranteed on the foreign market,\u201d said the Foreign Trade secretary, Tatiana Lacerda Prazeres, according to a press statement disclosed by the ministry.<\/p>\n
The ministry informs that there will be a new kind of Advance on Exchange Contract (ACC), a pre-shipment export financing modality. In this category, credit is granted to exporters so that they may make the product. The government is going to develop an \u201cIndirect ACC\u201d turned to organisations that sell abroad through trading companies. <\/p>\n
This credit, according to the ministry, will be offered at \u201creduced rates\u201d, benefiting micro, small and medium organisations, which normally don\u2019t export directly.<\/p>\n
The ministry informed that the funds in the Export Financing Programme (Proex) and other public funds should be expanded from the R$ 1.24 billion (US$ 678 million) to R$ 3.1 billion (US$ 1.7 billion).<\/p>\n
The government also promised that it should strengthen the commercial defence area. \u201cWe must fight against predatory and disloyal competition, dumping, illegal protectionist practices and, in this light, we are going to act firmly at international organisations, adopting all possible safeguards to defend our companies, jobs and the income of our workers,\u201d said president Dilma Rousseff, according to Ag\u00eancia Brasil<\/i>.<\/p>\n
*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
Measures for support to foreign trade are part of the package presented by the government of Brazil on Tuesday. Among them is a new type of financing to benefit sales through trading companies.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-41107","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"Measures for support to foreign trade are part of the package presented by the government of Brazil on Tuesday. Among them is a new type of financing to benefit sales through trading companies.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/41107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=41107"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/41107\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=41107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=41107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=41107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}