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Brazil: BNDES provides a loan to WEG Group for developing new electric motors

Description

The BNDES More Innovation credit line is subject to local content incentives. As such, so is the BRL 118.8 million (USD 23.9 million) loan to WEG Group, granted on 16 February 2024 by the National Ban...

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Intervention Details

Intervention Type

Local content incentive

MAST Chapter

I: Trade-related investment measures

Implementation date

16 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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