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Brazil: Modification to the rules of foreign ownership for airlines

Description

Provisional Measure 714, issued by the Brazilian Government on March 1, 2016, also eliminated the requirement that directors of airlines must be exclusively Brazilian nationals.

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Intervention Details

Intervention Type

Local labour requirement

MAST Chapter

I: Trade-related investment measures

Implementation date

01 Mar 2016

Revocation date

26 Jul 2016

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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