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Brazil: BNDES provides a loan to Volkswagen do Brasil to develop hybrid and electric vehicles

Description

The BNDES More Innovation credit line is subject to local value-content incentives. As such, so is the BRL 500 million (USD 100 million) loan to Volkswagen do Brasil, granted on 5 February 2024 by the...

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Intervention Details

Intervention Type

Local content incentive

MAST Chapter

I: Trade-related investment measures

Implementation date

05 Feb 2024

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Products

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