G/SCM/N/315/BRA  
 
30 May 2018 
(18-3248) Page: 1/13 
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 28 May 2018, is being circulated at the request of the 
Delegation of Brazil.  
 
_______________  
 
 
The following notification constitutes Brazil's subsidies notification for the fiscal years of 2015 
and 2016.  
 
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 has included certain progr ammes which arguably are not specific 
within the meaning of the Agreement.  
 G/SCM/N/315/BRA  
 
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  1  INDUSTRIAL INCENTIVE S 
1.1  Support Program  for the Development of the Pharmaceutical Productive Chain  
(PROFARMA Innovation – small and medium -sized companies)  
1. Title of the programme  
 
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 2015 to December 2016.  
 
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 wit h 
BNDES' Resolution 2487/2013, updated by BNDES' Resolution 2696/2014.  
 
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 Interes t Rates - 7,5% per 
annum, as of June 2016) 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 2015 - Profarma Innovation - small and medium -sized companies: R$ 2,595,477  
Fiscal Year 2016 - Profarma Innovation - small and medium -sized companies: R$  200,000  
 
8. Duration  
 
BNDES Profarma  was extinguished in December 2016 (according to BNDES Resolution Number 
3087/2016).  
 
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 2015 to December 2016.  
 G/SCM/N/315/BRA  
 
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  3. Policy objective and/or purpose  
 
To encourage 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 10.1076/01 and, also, by Law 11077/04.  
Within their respective area of responsibility, the Ministry of Deve lopment, 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 counterparts 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 programme, in research and development activities.  
 
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 t he execution of research projects.  
 
7. Total amount  
 
Fiscal Year 2015 R$ 5,022.39 million.  
Fiscal Year 2016 R$ 5,093.42 million (estimated).  
 
8. Duration  
 
The programme will 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 2015 to December 2016.  
 
3. Policy objective and/or purpose  
 
Support for shipbuilding industry and aircraft maintenance  
 G/SCM/N/315/BRA  
 
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  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. 8º, § 12, I, VI 
and VII, art. 28, IV and X.  
 
The Ministry of Finance is responsible fo r the inspection of the tax incentives and the Ministry of 
Defense is responsible for the Brazilian Especial 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, conservation, 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 constru ction, 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 COFI NS tax rates on the sale or import of aircrafts classified under heading 88.02 of 
Tipi, its parts, tools, components, supplies, hydraulic fluids, paints, anticorrosives, 
lubricants, equipment, services and raw materials to be used in the maintenance, 
conse rvation, modernization, repair, overhaul, 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, ai rlines 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 r egistered in the Brazilian Especial 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 20 15: R$ 1,352,986,972  
Fiscal Year 2016: R$ 1,296,212,134  
 
8. Duration  
 
There is no pre -established time limit for its termination.  
 
9. Trade effects  
 
N.A. 
 G/SCM/N/315/BRA  
 
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  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 2015 to December 2016.  
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: loading, 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 Professiona l 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 operate a mixed or exclusive private port facility,  including 
those operating with offshore vessels, railroad concessionaries, dredging companies, secondary 
zone customs office and Professional Training Centers.  
 
7. Total amount  
 
Fiscal Year 2015: R$ 284,917,394  
Fiscal Year 2016: R$ 190,610,764  
 
8. Duratio n 
 
Until 31 December 2020.  
 
9. Trade effects  
 
N.A. 
 G/SCM/N/315/BRA  
 
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  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 est ablished 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 authorities 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, AD A and 
ADENE were extinguished 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 a uthorities.  
 
1. Title of programme1 
SUDAM and SUDENE programmes provide assistance to the economically disadvantaged Amazon 
and Northeast regions by means of income tax reductions.  
2. Period covered by the notification  
From January 2015 to December 2016.  
3. Policy objective and/or purpose  
To reduce economic and social imbalances between the Brazilian regions by means of 
compensatory mechanisms for the development 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, 
Tocantins, and part of the state of Maranhão. The Amazon Region is an area of continental 
dimensions covering 5,046,143 square kilometers and cor responding 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 are a. The jurisdiction of SUDENE encompasses the states of 
Piauí, Ceará, Rio Grande do Norte, Paraíba, Pernambuco, Alagoas, Sergipe, Bahia and Maranhão, 
in addition to the north of State of Espírito Santo and an area of the state of Minas Gerais included 
in the so -called "polígono das secas" (drought area in Northeastern Brazil).  
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, is the 
most recent regulation on the matter.  
                                                
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 Sectio n IV (article 43, 
paragraph 2, item III) of Chapter 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 fe deral taxes owed by individuals or by legal entities". 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 terri tory (...), it being allowed to grant tax incentives for the purposes 
of promoting the balanced social and economic development of the various regions of the country". In 
article  165, paragraphs 6 and 7, Section  II of Chapter II, Public Finances, of the pr evious Title, considers that 
"the budget bill 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 (§  6). The budget set forth (...) in consistence with the pluriannual plan, shall include the functions of 
reducing interregional inequalities, according to population criteria (§ 7)".  G/SCM/N/315/BRA  
 
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  5. Form of subsidy  
Income tax exemptions and reductions.2 
6. To whom and how the subsidy is provided  
Benef iciaries are industrial and agricultural enterprises with undertakings in the Amazon or 
Northeast Regions.  
7. Total amount  
 2015 - R$ million  2016 - R$ million*  
Sudam  1,825.52  2,185.70  
Sudene  2,801.20  2,548.20  
Total 4,626.72  4,733.90  
*  Estimated values.  
8. Duration  
Companies are allowed to submit projects until 31 December 2018. The income tax reduction 
benefit is terminated after 10 years from the date that industry starts its operation.  
9. Trade effects  
N.A. 
2.2  Investment Funds for the Amazon and the Northeast Regions (Finam/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. Period covered by the notification  
From January 2015 to December 2016.  
3. Policy objective and/or purpose  
Reduce economic and social imbalances between the Brazilian regions by means of compensatory 
mechanisms for the development of the North (Amazon) and Northeast regions.  
4. Legislation and au thority  
FINOR and FINAM previously administered by SUDAM and SUDENE are now under the 
responsibility of the Ministry of National Integration (MI). Banco da Amazônia S.A. (BASA), and 
Banco do Nordeste do Brasil S.A. (BNB) are respectively the financial agen ts of the Funds.  
The Secretariat of Federal Revenue of Brazil and the National Treasury Secretariat of the Ministry 
of Finance are charged with the funding mechanisms of resources to 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. The FINAM / FINOR tax 
incentives programs, regulated by Law 8167 of January 16 1991, Law 9532, 10  December 1997, 
and Law No. 9808 of 20 July 1999, allowed investors  deduction of 18% until 2003, 12% from 2004 
                                                
2 Companies which submitted the project until 14 November 1997 and which w ere granted income tax 
exemption will be entitled to such benefit until the date specified in the act of concession.  G/SCM/N/315/BRA  
 
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  to 2008 and 9% from 2009 to 2013 of its income tax to be invested 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 generate 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 re levant to the 
region. The project, in order to be implemented with FINAM or FINOR financial assistance, should 
involve activities that foster regional or local development.  
7. Total amount  
FINOR/FINAM Fiscal benefits  
Fiscal Year  FINAM  FINOR  
2015  R$ 454,617  R$ 99,794,854  
2016  R$ 476,577  R$ 104,615,592  
Source:  Ministry of Finance.  
 
8. Duration  
 
Expiration is scheduled for December 2018 (Law 12,715/12).  
 
9. Trade effects  
 
N.A. 
 
2.3  Regional  Development and Promotion of R& D and Technological Innovation 
Programme  
1. Title of programme  
 
Regional Development and Promotion of Research and Development and Technological Innovation 
Programme.  
 
2. Period covered by the notification  
 
From January 2015 to December 2016.  
 
3. Policy o bjective 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 i nnovation in the North, Northeast and 
Midwest regions. For the purpose of the programme the Midwest region does not 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 12.40 7/11.  
The Ministry of Development, Industry and Foreign Trade and the Ministry of Finance are 
responsible for determining the requirements for the submission of project's application and 
approval. 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 
responsible for verifying the proof of investment in research and development and technological 
innovation in the regions covered by the progra mme.  
 
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 G/SCM/N/315/BRA  
 
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  the Table of Incidence of IPI. The r eduction 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 leas t, 10% of the value corresponding to IPI 
reduction in research and development and technological innovation in the regions covered by the 
programme.  
 
6. To whom and how the subsidy is provided  
 
Beneficiaries are industrial enterprises installed in the area s covered by SUDAM, SUDENE and in 
the Midwest region. Project submitted by beneficiaries shall be approved by the Ministry of 
Development, Industry and Trade Foreign.  
 
7. Total amount (R$)  
 
Fiscal Year 2015: R$ 2,688,432,700  
Fiscal Year 2016: R$ 3,187,658,910  
 
8. Duration  
 
Expiration is scheduled for December 2020.  
9. Trade effects  
 
N.A. 
 G/SCM/N/315/BRA  
 
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  3  NATURAL RUBBER INCENTIVES  
Natural Rubber Price Equalization Scheme  
 
1. Title of programme  
 
Agricultural Products' Sale Option Private Premium (PEPRO).  
 
2. Period covered by the notification  
 
From January 2015 to December 2016  
 
3. Policy objective and/or purpose  
 
This program guarantees minimum price to the farmer/cooperative of natural rubber and other 
agricultural products, without requiring the purchase of  the product by the government, by paying 
the difference between the minimum price and the market price.  
 
4. Legislation and authority  
 
The program was established by Decree -Law nº 79 (19 December 1966) and by Law 8.171 
(17 January 1991). The subsidy is au thorized by the Ministry of Agriculture, Livestock and Food 
Supply (MAPA) and the operator body is the National Food Supply Company (CONAB).  
 
5. Form of subsidy  
 
Direct payments to farmers/cooperatives that acquired the right to the subsidy through auction s. 
The auctions for natural rubber during the covered period were announced by "Avisos CONAB " 
Numbers 10/2015, 22/2015, 24/2015, 37/2015, 40/2015, 47/2015, 51/2015, 62/2015, 75/2015, 
83/2015, 99/2015, 107/2015, 116/2015, 217/2015 and 228/15 (from January/2 015 to 
December/2015).  
 
6. To whom and how the subsidy is provided  
 
CONAB announces the online auctions on its website ( "Avisos CONAB "). Each "Aviso CONAB " 
informs the maximum quantity of product and the maximum value per quantity (called premium) 
availabl e for the program and the date of the auction. The interested farmers/cooperatives apply 
for their desired quantities for the initial (maximum) premium. If the total application exceeds the 
total quantity available, another auction is carried out thereafte r, but offering a lower premium. 
The final premium is defined when the quantity applied is the same or less the maximum quantity 
announced.  
 
7. Total amount  
 
Calendar Year 2015: R$ 5.17 million  
Calendar Year 2016: zero  
 
8. Duration  
 
Not defined.  
 
9. Trade effects  
 
N.A. 
 G/SCM/N/315/BRA  
 
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  4  FISHERIES INCENTIVES  
4.1  Diesel Oil Price Equalization  Scheme  
1. Title of programme  
 
Programme for Economic Subvention to the Price of Diesel Oil Used by Fishing Vessels.  
 
2. Period covered by the notification  
 
From January 2015 to December 2016 
 
3. Policy objective and/or purpose  
 
The main objective of the program 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 program was establis hed by Law nº 9.445, of 14 March 1997 and, regulated by 
Decree  nº7.077, of 26 January 2010. In order to benefit from this equalization scheme the fishing 
companies or fishermen must comply with administrative procedures set by regulation by 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 program.  
 
5. Form of subsidy  
 
This equalization encompasses the reimb ursement 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 and 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). Subsequen tly, 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 reimbursement that will be available for t he 
following year for each of those beneficiaries.  
 
7. Total amount  
 
Fiscal Year 2015: R$ 1,090,947.50  
Fiscal Year 2016: R$ 0  
 
8. Duration  
 
Not defined.  
 
9. Trade effects  
 
N.A. 
 G/SCM/N/315/BRA  
 
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  4.2  Programme For Vessel Fleet Enlargement And Modernization  
1. Title of programme  
 
National Programme for Financing the Enlargement and Modernization of National Fishing Fleet – 
PROFROTA Pesqueira.  
 
2. Period covered by the notification  
 
From January 2015 to December 2016.  
 
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 effort).  
 
Replacement of coastal and continental fleet fishing vessels with  the objective to renew 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  effort, taking into consideration environmental criteria of 
sustainability.  
 
4. Legislation and authority  
 
The program was established by Law No. 10.948, of 23 May 2004 and regulated by 
Decree  No. 5.474, of 22 June 2005 and by Decree no. 6.746, of 22 Janu ary 2009.  
The Ministry of Fisheries and Aquaculture is responsible for the administration of the program.  
In order to benefit from this Programme the beneficiaries must comply with administrative 
procedures set by regulation by the Ministry of Fisheries an d 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, social and targeted species 
stimulus issues.  
 
This perf ormance 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 taking into consideration sustainability criteria an d 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.  
 
Recipients: 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 improve ments 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 2015:  R$ 0.00.  
Fiscal Year 2016:  R$ 0.00.  
 G/SCM/N/315/BRA  
 
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  The Progra m was non -operational during the period of notification. There is no scheduled date for 
reactivation of the program.  
 
8. Duration  
 
Not defined  
 
9. Trade effects  
 
N.A. 
 
__________