Brazil's Mixed Commission Discusses Sovereign Plan for Exporters to Combat US Tariffs
Brazil's Mixed Commission reviews provisional measure to bolster exporters amid US tariffs.
- • MP 1.309/2025 aims to support exporters affected by US tariffs.
- • R$30 billion allocated for financing through BNDES.
- • Exporters categorized based on revenue impact from tariffs.
- • Includes tax deadline extensions and public food purchases.
Key details
On October 1, 2025, the Mixed Commission of the National Congress held a public hearing to discuss the provisional measure MP 1.309/2025, which establishes the Brazil Sovereign Plan aimed at supporting exporters affected by tariffs from the United States, which can reach up to 50%.
The plan allocates R$30 billion for new credit lines through the National Bank for Economic and Social Development (BNDES), funded by the 2024 surplus of the Export Guarantee Fund. During the hearing, Nelson Barbosa, BNDES's Director of Planning and Institutional Relations, detailed that exporters will be categorized based on the percentage of their revenue impacted by the tariffs. This classification enables those experiencing a 5% to 20% revenue decrease to access diversified interest rates and credit guarantees, while those with losses exceeding 20% will gain access to working capital and two lines of investment financing.
Guilherme Mello, the Secretary of Economic Policy at the Ministry of Finance, stated the plan is comprehensive, focusing on both immediate relief from tariffs and long-term improvements to Brazil's export financing system. Additionally, the sovereign plan includes provisions for tax deadline extensions and public procurement of unsold food products, assisting those affected by the tariffs further.
Senator Esperidião Amin emphasized during the discussions the significance of nurturing commercial relations with the US, advocating for the importance of maintaining trust and brand value in trade partnerships. The hearing also mentioned a separate initiative already approved in the Chamber of Deputies that establishes exceptional procedures for financing as dictated by the provisional measure, illustrating a proactive approach to safeguarding Brazil's export sector amidst ongoing tariff pressures from the US.
As efforts continue, the mixed commission aims to finalize the details of the measure promptly, ensuring rapid support for Brazilian exporters as they navigate these challenging international trade conditions.