Brazil defines list of products for emergency credit under the Brazil Sovereign program.
A R$40 billion credit line seeks to reduce the impact of US tariffs on Brazilian exports.
247 - The Lula (PT) government released this Friday (12) the table with products eligible for access to the emergency credit line of the Brazil Sovereign program. The measure aims to mitigate the effects of additional tariffs unilaterally applied by the United States government on items exported by the country.
According to the official publication, the table lists 9.777 codes from the Mercosur Common Nomenclature (NCM), divided into two categories, according to the... Joint Ordinance MDIC/MF No. 4, of September 11, 2025Of the total, 9.075 codes will be automatically considered for calculating export revenue destined for the US market. The remaining 702 will require the exporter to submit a self-declaration proving actual losses in order to access the funds.
R$40 billion in emergency credit
The Sovereign Brazil Plan foresees R$ 30 billion in guarantees through the Export Guarantee Fund (FGE), intended for companies that have registered, between July 2024 and June 2025, at least 5% of their revenue from sales of products impacted by the additional US tariffs.
For companies whose export percentage falls below this level, BNDES will make available an additional R$ 10 billion in financing lines, also with below-market interest rates.
Access criteria
According to the government, only companies in good standing with the Brazilian Federal Revenue Service (RFB) and the Attorney General's Office of the National Treasury (PGFN) will be able to apply for the credit. Companies undergoing judicial or extrajudicial reorganization, bankruptcy, or liquidation are excluded—unless they present a reorganization plan approved by the courts.
Financing conditions
The credit lines cover different purposes, such as working capital, acquisition of capital goods, investments in innovation, productive adaptation, and strengthening of industrial chains.
- Terms: vary from 5 to 10 years, with a grace period of between 12 and 24 months.
- Amounts: up to R$ 150 million for investments and R$ 200 million for working capital in large companies. Small, medium and micro-enterprises may contract up to R$ 35 million.
The government emphasized that the funds will not impact the primary result, since the loans are repayable and the risks are borne by the financial institutions.
Sovereign Brazil: Response to US Tariffs
Launched on August 13th, the Sovereign Brazil Plan emerged as a direct response to the United States' decision to raise import tariffs on Brazilian products by up to 50%. The set of measures seeks to protect exporters, guarantee jobs, stimulate investment in strategic sectors, and maintain the trajectory of national economic growth.
Divided into three pillars — strengthening the productive sector, protecting workers, and commercial diplomacy — the plan is considered by the government to be one of the main initiatives to address the impacts of trade barriers imposed on Brazil.
