Global Trade Alert
Global Trade Alert

Brazil: New set of measures to promote the production of ethanol

Announcement

23 Apr 2013

In April 2013, the Government of Brazil announced the introduction of a set of measures to promote investments in ethanol. These actions included the reduction of the PIS/Cofins taxes, a production subsidy to increase the production of ethanol, as well as the decrease of the annual interest rate set on several credit lines financed by the government. 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 May 2013

Revocation date:

No revocation date

Announced: 23 Apr 2013
Tax or social insurance relief In force
On 23 April 2013, the Government of Brazil announced the elimination of the PIS/Cofins tax for ethanol producers. The objective of the measure is to promote investments in ethanol. For this, additiona...
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