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The Brazilian National Development Bank (BNDES) reduces local content requirements of machinery and equipment from 60 to 30 percent.
Brazil’s Petrobras has confirmed a continued focus on exploration and production activities, and also its divestment plans. Petrobras does not foresee renewables in its portfolio, yet its R&D Center will continue to research offshore wind power.
Delivery Duty Paid Incoterm should not be used in Brazil.
Brazil’s Ministry of Economy has temporarily removed import taxes on 281 machines and equipment, of which 261 are capital goods and 20 are computer and telecommunications goods.
The Brazilian Central Bank released guidelines to guide the regulation of open banking in Brazil, scheduled to be put into practice starting in the second half of 2020.