G/SCM/N/343/BRA  
 
11 July 2019  
(19-4607) Page: 1/11 
Committee on Subsidies and Countervailing Measures  Original: English  
 
SUBSIDIES  
NEW AND FULL NOTIFIC ATION PURSUANT TO AR TICLE XVI:1 OF THE G ATT 1994  
AND ARTICLE 25 OF TH E AGREEMENT ON SUBSI DIES 
AND COUNTERVAILING M EASURES  
BRAZIL 
The following communication, dated 3 July 2019 , is being circulated at the request of the Delegation 
of Brazil.  
 
_______________  
 
 
The following notification constitutes Brazil's subsidies notification for the fiscal years of 2017 and 
2018.  
 
This notificat ion does not prejudge the nature or legal status of the programmes herein under 
GATT  1994 and Articles 1 and 2 of the Agreement on Subsidies and Countervailing Measures (ASCM). 
Data may reflect approximations, estimates or preliminary information. Technica l or legal 
inaccuracies may have been inadvertently introduced in the text in the attempt to make the 
description of the programmes sufficiently illustrative, but also straightforward and concise. For 
information purposes, Brazil may have included certain programmes which arguably are not specific 
within the meaning of the Agreement.  
 
1  INDUSTRIAL INCENTIVE S 
1.1  Support Programme  for the Development of the Pharmaceutical Productive Chain 
(PROFARMA Innovation – small and medium -sized companies)  
1. Title of the pro gramme  
 
Support Programme for the Development of the Pharmaceutical Productive Chain (Profarma 
Innovation - small and medium -sized companies).  
 
2. Period covered by the notification  
 
From January 2017 to December 2018.  
 
3. Policy objective and/or purpose  
 
PROFARMA Innovation aims at supporting projects which contribute to foster an innovative 
environment in Brazil's health industry. PROFARMA Innovation supports R&D efforts made in Brazil 
by the pharmaceutical and medical devices companies with special condi tions for small and medium 
companies.  
 
4. Legislation and authority  
 
The Brazilian Development Bank (BNDES) is responsible for the administration of the programme. 
During the period covered by this notification, the programme was operated in accordance with 
BNDES' Resolution 2487/2013, updated by BNDES' Resolution 2696/2014.  G/SCM/N/343/BRA  
 
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  5. Form of subsidy  
 
Long-term direct loans, with minimum value of R$ 1 million and maturity up to 12 years. Maximum 
participation rate of 80%. Interest rate was TJLP (Long Term Inter est Rates – 6,98% per annum, as 
of December 2018) plus 1% (BNDES' remuneration), with exemption of risk spread.  
 
6. To whom and how the subsidy is provided  
 
Pharmaceutical / biotechnological products' and medical devices' suppliers, all of them small or 
medium-sized companies.  
 
7. Total amount  
 
Fiscal Year 2017 - Profarma Innovation - small and medium -sized companies: R$ 3,376,000 . 
Fiscal Year 2018 - Profarma Innovation - small and medium -sized companies: R$ 24,467,070 . 
 
8. Duration  
 
BNDES Profarma was exti nguished in December 2016 (according to BNDES Resolution Number 
3087/2016). Disbursements in 2017 and 2018 originate from applications received before that date.  
 
9. Trade effects  
 
N.A. 
 
1.2  Capacity Building and Competitiveness Enhancement in Information Technology  
1. Title of the programme  
 
Capacity building and competitiveness enhancement in Information Technology and related fields.  
 
2. Period covered by the notification  
 
From January 2017 to December 2018.  
 
3. Policy objective and/or purpose  
 
To encour age manufacturers of information technology goods to invest in research and development 
activities, create new products and improve the country's competitiveness.  
 
4. Legislation and authority  
 
Law 8248/91, as amended by Law 10.176/01, by Law 11077/04 and by law 13674/18.  
Within their respective area of responsibility, the Ministry of Development, Industry and Foreign 
Trade and the Ministry of Science and Technology manage the provision of benefits such as partial 
tax exemption and the follow up of the coun terparts offered, such as research and execution of 
development programmes.  
 
5. Form of subsidy  
 
Exemption or reduction of the Indirect Tax on Industrialized Products (IPI) for information 
technology goods.  
 
Reduction of IPI for raw materials, intermediate  goods and material from used packages. To qualify 
for this programme, companies must invest at least 5% of their turnover from product sales (after 
deduction of other indirect taxes) and the value of the acquisition of the products benefited by the 
progra mme, in research and development activities.  
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  6. To whom and how the subsidy is provided  
 
Industrial enterprises, through tax credits provided by the Federal Government at the amount of 
due deductive taxes.  
 
Research Institutes, Centers and Laboratories, through financial support from industrial enterprises 
which choose to outsource the execution of research projects.  
 
7. Total amount  
 
Fiscal Year 2017: R$ 5,507.88 million . 
Fiscal Year 2018: R$ 5,800 million (estimated value) . 
 
8. Duration  
 
The programme w ill be phased out by 2029.  
 
9. Trade effects  
 
N.A. 
 
1.3  Productive Development Policy  
1. Title of Programme  
 
Productive Development Policy  
 
2. Period covered by the notification  
 
From January 2017 to December 2018.  
 
3. Policy objective and/or purpose  
 
Support for shipbuilding industry and aircraft maintenance  
 
4. Legislation and authority  
 
Law 8.032/90, art. 2º, II, "j"; Law 8.402/92, art. 1.º, IV; Law 9.493/97, arts. 10 and 11; Law 
11.774/08, art. 15; MP 2.158 -35/01, art. 14, VI and § 1º; Law 10.865/04, art. 8 º, § 12, I, VI and 
VII, art. 28, IV and X.  
 
The Ministry of Finance is responsible for the inspection of the tax incentives and the Ministry of 
Defense is responsible for the Brazilian Special Register (REB) . 
 
5. Form of subsidy  
 
a. Exemption of tax levied  on the importation of parts and components intended for repair, 
overhaul and maintenance of vessels and aircraft. Exemption of Import Tax - II and IPI levied 
on the importation of parts and components intended for employment in the construction, 
conservat ion, modernization, conversion or repair of vessels registered in the REB, provided 
that they are carried out in Brazilian shipyards.  
 
b. Exemption of PIS/Cofins on the revenue obtained by Brazilian shipyards in the activities of 
construction, conservation , modernization, conversion or repair of vessels pre -registered or 
registered in the Brazilian Special Registry (REB). Reduction to zero of the rates of contribution 
to PIS / PASEP and COFINS levied on the gross revenue from sales in the domestic market or  
the importation of materials and equipment, parts and components, employed in the 
construction, maintenance, modernization and conversion of vessels registered or pre -
registered in the REB. Reduction to zero of the PIS / PASEP and COFINS tax rates on the sale 
or import of aircraft classified under heading 88.02 of Tipi, its parts, tools, components, 
supplies, hydraulic fluids, paints, anti -corrosives, lubricants, equipment, services and raw 
materials to be used in the maintenance, conservation, modernization, repair, overhaul, G/SCM/N/343/BRA  
 
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  conversion and industrialization of aircraft, their engines, parts, components, tools and 
equipment.  
 
6. To whom and  how the subsidy is provided  
 
Exemptions of II and IPI of item 5 (a) benefit national shipyards, airlines and aeronautical 
maintenance enterprises.  
 
The exemption and reduction of indirect taxes PIS and COFINS mentioned in 5(b) is granted to 
shipyards that  execute the activities of building, conservation, modernization, conversion or repair 
of vessels registered in the Brazilian Special Register (REB) . 
 
The reduction to zero of the PIS and Cofins rates of item 5 (b) is objective and applies to acquisitions 
and imports of the goods mentioned, regardless of the beneficiary.  
 
7. Total amount  
 
Fiscal year 2017: R$ 1,318,808,636 . 
Fiscal year 2018: R$ 1,525,631,734 . 
 
8. Duration  
 
There is no pre -established time limit for its termination.  
 
9. Trade effects  
 
N.A. 
 
1.4  REPORTO - Tax Regime to Encourage Modernization and Expansion of Port Structure  
1. Title of Programme  
 
Reporto . 
 
2. Period covered by the notification  
 
From January 2017 to December 2018.  
 
3. Policy objective and/or purpose  
 
Modernization and expansion of port structure . 
 
4. Legislation and authority  
 
Law 11.033/04, art. 13 to 15 and Decree 6.582/08.  
The Ministry of Finance is responsible for the inspection of the tax incentives.  
 
5. Form of subsidy  
 
Suspension and subsequent exemption of II, IPI, PIS and Cofins on imports, and of IPI, PIS and 
Cofins on domestic purchases of machinery, equipment, spare parts and other goods imported by 
REPORTO beneficiaries and destined to their fixed assets for exclusive use in the execution of the 
following services: load ing, unloading, storage and handling of goods and products; supplementary 
operational support systems; environmental protection; security systems and monitoring of the flow 
of people, goods, products, vehicles and vessels; dredging; and training of workers , including the 
implementation of Professional Training Centers.  
 
6. To whom and how the subsidy is provided  
 
Beneficiaries of REPORTO are the port operator, the port concessionaire, the tenant of a public port 
facility and the company authorized to operat e a mixed or exclusive private port facility, including G/SCM/N/343/BRA  
 
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  those operating with offshore vessels, railroad concessionaries, dredging companies, secondary zone 
customs office and Professional Training Centers.  
 
7. Total amount  
 
Fiscal Year 2017: R$ 212,296,182 . 
Fiscal Year 2018: R$ 202,421,963 . 
 
8. Duration  
 
Until 31 December 2020.  
 
9. Trade effects  
 
N.A. 
 
1.5  Regional Development and Promotion of R&D and Technological Innovation 
Programme  
1. Title of programme  
 
Regional Development and Promotion of Research and De velopment and Technological Innovation 
Programme.  
 
2. Period covered by the notification  
 
From January 2017 to December 2018 . 
 
3. Policy objective and/or purpose  
 
Reduce economic and social imbalances between Brazilian regions by means of compensatory 
mechanisms for the development of the North, Northeast and Midwest regions and promote 
investment in research, development and technological innovation in the North, Northeast and 
Midwest regions. For the purpose of the programme the Midwest region does no t comprise Federal 
District.  
 
4. Legislation and authority  
 
Law 9.826/1999, amended by Law 12.973/2014, and Law 9.440/97, amended by Law 12.407/11.  
 
The Ministry of Development, Industry and Foreign Trade and the Ministry of Finance are responsible 
for determining the requirements for the submission and approval of projects. The Ministry of 
Development, Industry and Foreign Trade is responsible for the evaluation, approval and monitoring 
the programme. The Ministry of Science and Technology is responsibl e for verifying the proof of 
investment in research and development and technological innovation in the regions covered by the 
programme.  
 
5. Form of subsidy  
 
Under Law 9.826/1999, industrial enterprises in the North, Northeast and Midwest regions are 
entitled to a reduction of 32% of IPI levied on sales of products classified in codes 8702 a 8704 of 
the Table of Incidence of IPI. The reduction is applied on products produced in the domestic market 
or directly imported by the beneficiaries.  
 
Under Law 9.440 /97, industrial enterprises in the North, Northeast and Midwest regions are entitled 
to IPI reduction. Companies shall invest, at least, 10% of the value corresponding to IPI reduction 
in research and development and technological innovation in the regions  covered by the programme.  
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  6. To whom and how the subsidy is provided  
 
Beneficiaries are industrial enterprises installed in the areas covered by SUDAM, SUDENE and in the 
Midwest region. Projects submitted by beneficiaries shall be approved by the Ministr y of 
Development, Industry and Trade Foreign.  
 
7. Total amount * 
 
Fiscal Year 2017: R$1,462,723,560 . 
Fiscal Year 2018: R$ 1,400,000,000 . 
 
*estimated values  
 
8. Duration  
 
Expiration is scheduled for December 2020.  
 
9. Trade effects   
 
N.A. 
 
1.6  Debentures for Telecommunications Infrastructure  
1. Title of programme  
 
Debentures for telecommunications infrastructure.  
 
2. Period covered by the notification  
 
From 2017 to 2018.  
 
3. Policy objective and/or purpose  
 
To implement investment projects in the area of telec ommunications network infrastructure for 
broadband internet access, contributing to digital inclusion. The incentivized debentures, related to 
investment projects in general and specifically to investment projects in priority areas of 
infrastructure, enjoy  tax benefits and constitute a long -term funding mechanism via the capital 
market, as an alternative to traditional sources of financing. Further information is available at 
Newsletter Debentures (March 2019 ). 
 
4. Legislation and authority  
 
Law 12,431/2011  (Article 2 ), Decree 8,874/2016 , Ordinance 330/2012 , CVM Ruling 400/2003  and 
CVM Ruling 476/2009 . The Ministry of Science, Technology, Innovations and Communications 
(MSTIC) is responsible for analyzing, approving and to monitoring execution of the investm ent 
projects of broadband networks. The National Telecommunication Agency (Brazilian Telecom 
Regulator) is responsible for assisting the monitoring of investment projects. The Ministry of 
Economy is responsible for the inspection of tax incentives.  
 
5. Form of subsidy  
 
Tax incentive.  
 
6. To whom and how the subsidy is provided  
 
The subsidy is provided to the owner (people or companies) of debentures from telecommunication 
company with an investment project approved by MSTIC. At the moment of redeeming th e 
debenture, the owner must pay an Income Tax of 15% (for companies) or 0% (for natural persons).  
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  7. Total amount* 
 
Fiscal year 2017: R$ 2.563.046,44 . 
Fiscal year 2018: R$ 4.302.049,00 . 
 
*estimated values  
 
8. Duration  
 
Expiration is scheduled for 2030.  
 
9. Trade effects   
 
N.A. 
 
2  REGIONAL INCENTIVES  
2.1  Amazon Development Authority and Northeast Region Development Authority  
"Superintendência para o Desenvolvimento da Amazônia " (SUDAM), the Amazon Region 
Development Authority, was established by Law 5174, dated 27 October 1966. " Superintendência 
para o Desenvolvimento do Nordeste " (SUDENE), the Northeast Region Development Authority, was 
established by Law 3692, dated 15 December 1959. Provisional Measures 2156 -5 and 2157 -5, of 
August 2001, extinguished both auth orities and the programmes they administered. The same 
Provisional Measures replaced those authorities by "Agência do Desenvolvimento da Amazônia" 
(ADA) and "Agência do Desenvolvimento do Nordeste" (ADENE). On 3 January 2007, ADA and 
ADENE were extinguishe d by Supplementary Laws 124/2007 and 125/2007, respectively, being 
replaced by SUDAM and SUDENE. The changes introduced by Supplementary Laws 124/2007 and 
125/2007 relate mainly to the legal structure and legal nature of those authorities.  
 
1. Title of programme1 
 
SUDAM and SUDENE programmes provide assistance to the economically disadvantaged Amazon 
and Northeast regions (this latter includes the Northern regions of the States of Espírito Santo and 
Minas Gerais), by means of income tax reductions.  
 
2. Period covered by the notification  
 
From January 2017 to December 2018.  
 
                                                
1 The Constitution of Brazil, in its article 3, item III of Title I, regarding the Fundamental Principles, 
considers that "the fundamental objectives of the Federative Republic of Brazil are to eradicate poverty and 
substandard living conditions and to reduce social and regional inequalities". In Section IV (article 43, 
paragraph 2, item III) of Cha pter VII, Title III, which refers to the Organization of the State considers that "the 
regional incentives shall include, among others, as prescribed by law, exemptions, reductions or temporary 
deferment of federal taxes owed by individuals or by legal ent ities". In article 151, item I, Section II of Title VI, 
regarding Taxation and Budget considers that "it is forbidden for the Union: to institute a tax which is not 
uniform throughout the entire national territory (...), it being allowed to grant tax incen tives for the purposes 
of promoting the balanced social and economic development of the various regions of the country". In article Â 
165, paragraphs 6 and 7, Section Â II of Chapter II, Public Finances, of the previous Title, considers that "the 
budget bi ll shall be accompanied by a regionalized statement on the effect on revenues and expenses, deriving 
from exemptions, forgiveness, remissions, subsidies and benefits of a financial, tributary and credit nature 
(Â§Â 6) . The budget set forth (...) in consist ence with the pluriannual plan, shall include the functions of 
reducing interregional inequalities, according to population criteria (Â§ 7)".  
 
  G/SCM/N/343/BRA  
 
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  3. Policy objective and/or purpose  
 
To reduce economic and social imbalances between the Brazilian regions by means of compensatory 
mechanisms for the sustainable development and compe titive integration in the national economy 
of the North and Northeast Regions.  
 
The area covered by SUDAM is denominated "Legal Amazonia", or the Amazon Region, 
encompassing the states of Acre, Amapá, Amazonas, Mato Grosso, Pará, Rondônia, Roraima, 
Tocanti ns, and part of the state of Maranhão. The Amazon Region is an area of continental 
dimensions covering 5,046,143 square kilometers and corresponding to 59% of Brazil's territory and 
approximately 70% of the so -called Pan -Amazon or Continental Amazon, which  has a population of 
approximately 22 million inhabitants heavily concentrated in urban areas and scattered widely across 
a vast rural area.  
 
4. Legislation and authority  
 
Both programmes are under the responsibility of SUDAM and SUDENE, as established by  
Supplementary Law 124/2007 and Supplementary Law 125/2007. Law 9532/97 regulates the tax 
exemptions and reductions. Provisional Measure 2199/01, as amended by Law 11196/2005 and by 
law 13799/2019, is the most recent regulation on the matter.  
 
5. Form of s ubsidy  
 
Income tax exemptions and reductions.2 
 
6. To whom and how the subsidy is provided  
 
Beneficiaries are industrial and agricultural enterprises with undertakings in the Amazon Region, the 
Northeast Region and the Northern region of the States of Espí rito Santo and Minas Gerais.  
 
7. Total amount * 
 
SUDAM:  
Fiscal year 2017: R$ 2,266,740,487 . 
Fiscal year 2018: R$ 2,351,957,720 . 
 
SUDENE:  
Fiscal year 2017: R$ 3,338,602,477 . 
Fiscal year 2018: R$ 3,464,115,946 . 
 
*Estimated values  
 
8. Duration  
 
Companies are allowed to submit projects until 31 December 2023. The income tax reduction benefit 
is terminated after 10 years from the date on which the industry starts its operation.  
 
9. Trade effects  
 
N.A. 
 
2.2  Investment Funds for the Amazon and the Northeast Regions (F inam/Finor)  
1. Title of programme  
 
"Fundo de Investimento da Amazônia" (Amazon Investment Fund - FINAM) and "Fundo de 
Investimento do Nordeste" (Northeast Region Investment Fund - FINOR).  
 
                                                
2 Companies which submitted the project until 14 November 1997 and which were granted income tax 
exemption will  be entitled to such benefit until the date specified in the act of concession.  
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  2. Period covered by the notification   
 
From January 2017 to Decemb er 2017.  
 
3. Policy objective and/or purpose  
 
Reduce economic and social imbalances between the Brazilian regions by means of compensatory 
mechanisms for the sustainable development and competitive integration in the national economy 
of the North (Amazon) and Northeast regions.  
 
4. Legislation and authority  
 
FINAM and FINOR previously administered by SUDAM and SUDENE, respectively, are now under the 
responsibility of the Ministry of Regional Development (MDR). Banco da Amazônia S.A. (BASA), and 
Banco do Nor deste do Brasil S.A. (BNB) are respectively the financial agents of the Funds.  
 
The Secretariat of Federal Revenue of Brazil and the National Treasury Secretariat of the Ministry of 
Economy are charged with the funding mechanisms for FINAM and FINOR.  
 
The main legislation is the following: Law 8167, of 16 January 1991;  Law 9532, of 
10 December  1997, and Law 9808, of 20 July 1999.  
 
5. Form of subsidy  
 
Risk capital investments through primary subscription of debentures convertible into stock, at a ratio 
of 70% in convertible debentures and 30% in non -convertible debentures. In 2000, Provisional 
Measure 2058 extinguished the non -convertible debentures. Th e FINAM / FINOR tax incentives 
programmes, regulated by Law 8167 of 16 January  1991, Law 9532 of 10  December  1997, and Law 
9808 of 20  July 1999 allowed investors to destinate part of the owed income tax (18% until 2003, 
12% from 2004 to 2008 and 9% from 20 09 to 2013) to projects in the Amazon region and the 
Northeast. Tax incentives are channeled through the Amazon Investment Fund (FINAM) or the 
Northeast Investment Fund (FINOR) for investment in projects by companies located in those regions 
which can gene rate jobs and incomes and promote development.  
 
6. To whom and how the subsidy is provided  
 
The beneficiaries are legal persons that implement a project considered to be relevant to the region. 
The project, in order to be implemented with FINAM or FINOR fi nancial assistance, should involve 
activities that foster regional and local development.  
 
7. Total amount  
 
Fiscal year 2017:  
 
FINAM: R$ 33,955.27 . 
FINOR: R$ 19,513,720.66 . 
 
8. Duration  
 
The programme expired on 31 December 2017 (Law 12995/2014).  
 
9. Trade  effects  
 
N.A. 
 
3  FISHERIES INCENTIVES  
3.1  Diesel Oil Price Equalization Scheme  
1. Title of programme  
 
Programme for Economic Subvention to the Price of Diesel Oil Used by Fishing Vessels.  G/SCM/N/343/BRA  
 
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  2. Period covered by the notification  
 
From January 2017 to December 2018 . 
 
3. Policy objective and/or purpose  
 
The main objective of the programme is to equalize the price of maritime diesel paid by fishing 
companies or fishermen to its price in the international market.  
 
4. Legislation and authority  
 
The programme was established by Law No. 9.445, of 14 March 1997 and, regulated by Decree 
No. 7.077, of  26 January  2010. In order to benefit from this equali zation scheme the fishing 
companies or fishermen must comply with administrative procedures set by regulation of the Ministry 
of Fisheries and Aquaculture, which take into account vessel control and other administrative issues. 
The Ministry of Fisheries and Aquaculture is responsible for the administration of the programme.  
 
5. Form of subsidy  
 
This equalization encompasses the reimbursement of the difference between the price of maritime 
diesel in Brazil and international markets. However, this equalization payment is limited to 25% of 
the price of maritime diesel at the refinery level.  
 
6. To whom a nd how the subsidy is provided  
 
Recipients: Fishing vessel owners or charters (natural or legal persons); professional fishermen and 
fishing industries. In operational terms, the beneficiaries pay the regular national price of maritime 
diesel (with the tax  exemption of the ICMS). Subsequently, the Ministry of Fisheries and Aquaculture 
will reimburse to the beneficiary the difference between the price paid and the international market 
price, up to the limit of 25% of the maritime diesel price at the refinery  level. At the end of each 
fiscal year, a public regulation issued by the Ministry of Fisheries and Aquaculture establishes the 
beneficiaries (company, cooperative, association or fishermen), by state level (regional) and the 
maximum amount of the reimburs ement that will be available for the following year for each of those 
beneficiaries.  
 
7. Total amount  
 
Fiscal Year 2017: R$ 0 . 
Fiscal Year 2018: R$ 1,397,775 . 
 
8. Duration  
 
Not defined  
 
9. Trade effects  
 
N.A. 
 
3.2  Programme For Vessel Fleet Enlargement and Mod ernization  
1. Title of programme  
 
National Programme for Financing the Enlargement and Modernization of the National Fishing 
Fleet – ROFROTA Pesqueira.  
 
2. Period covered by the notification  
 
From January 2017 to December 2018.  
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  3. Policy objective and/or purpose  
 
Construction, acquisition and improvements of fishing vessels in order to enhance the ocean fishing 
fleet, taking into consideration environmental criteria of sustainability (including management of 
fishing activities).  
 
Replacement of coastal and  continental fleet fishing vessels with the objective of renewing them, 
taking into consideration environmental criteria of sustainability (including management of fishing 
effort).  
 
Modernization, conversion, equipping and adaptation of fishing vessels to enhance the management 
control on fishing activities, taking into consideration environmental criteria of sustainability.  
 
4. Legislation and authority  
 
The programme was established by Law No.  10.948, of 23  May 2004 and regulated by 
Decree  No. 5.474, of 2 2 June 2005 and by Decree No. 6.746, of 22  January  2009.  
 
The Ministry of Fisheries and Aquaculture is responsible for the administration of the programme.  
In order to benefit from this Programme, the beneficiaries must comply with administrative 
procedure s set by regulation of the Ministry of Fisheries and Aquaculture.  
 
5. Form of subsidy  
 
A "non -default" bonus ("paid -on time" installment performance bonus) calculated on the interest 
due of the financed amount, taking into consideration environmental, soci al and targeted species 
stimulus issues.  
 
This performance bonus can be granted to the loan taker, in a non -cumulative way, to be calculated 
only on the interest amount of the loan. It is only granted when the installment of the loan is paid 
on time and ta king into consideration sustainability criteria and improvements in the working 
conditions for the workers in the vessel.  
 
The bonuses can be of 5%, 20% and 30%.  
 
6. To whom and how the subsidy is provided  
 
Recipients: Fishing vessel owners or charters (natural or legal persons); professional fishermen and 
fishing industries; industrial fishing companies (natural or legal persons and cooperatives dedicated 
to fishing activities).  
 
The bonus is granted only when the installment of the loan is paid on time  and sustainability criteria 
and improvements in the working conditions for the workers in the vessel are met. In operational 
terms, it generates a discount in the interest payment to be made on that installment.  
 
7. Total amount  
 
Fiscal Year 2017:  R$ 0.0 0. 
Fiscal Year 2018:  R$ 0.00.  
 
8. Duration  
 
Not defined . 
 
9. Trade effects  
 
N.A. 
 
 
 
 
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