Brazil Daily

🚢 Stimulus for exporters

Good morning! Today, we talk about Congress’ push to help exporters. Brazil’s continuing monetary tightening process. And what hurt Brazil’s stock market in April.

Lawmakers want to extend drawbacks

exporters drawbacks brazil
Brazilian exporters of manufactured goods are still struggling. Photo: Fabio Rodrigues Pozzebom/ABr

The House is set to vote today on a presidential provisional decree establishing a one-year extension to special drawback regimes (consisting of rebates on taxes or tariffs) for exporters that buy their inputs abroad. The government claims the economic effects of the Covid pandemic still weigh hard on supply chains — and that exporters need the additional push.

How it works. The tax rebate applies to products that will be used exclusively...

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