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Global Trade Alert

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Brazil: BNDES and WEG Drives and Controls sign loan to finance innovation plan

Description

The BNDES More Innovation credit line is subject to local content incentives. As such, so is the BRL 58 million (USD 10.8 million) loan to WEG Drives and Controls (WDC), granted on 13 June 2024 by the...

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Intervention Details

Intervention Type

Local content incentive

MAST Chapter

I: Trade-related investment measures

Implementation date

13 Jun 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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