Industrial Policy & Trade Monitor· 2662 actions· ✨ 89 recent

Brazil's national development bank BNDES approved R$1.05 billion (~USD 179 million) in support for Eldorado Brasil Celulose (J&F group) to build an 86.7km private railway linking its Três Lagoas (MS) pulp mill to a terminal at Aparecida do Taboado (MS), feeding the Rondonópolis-Santos export corridor. R$1 billion is structured as BNDES's subscription of the first infrastructure debentures issued under Brazil's Law 14,801/2024, with a further R$50 million via the conventional Finem credit line. The financing reduces Eldorado's logistics costs and displaces an estimated 50,000 truck trips per year, indirectly reinforcing Brazil's cost advantage over competing pulp exporters such as Uruguay's UPM and Montes del Plata mills.

Brazil's national development bank BNDES approved BRL 451.7 million (~USD 85 million) in financing for pulp and paper producer Suzano SA to modernise and revitalise industrial units and expand storage capacity at five plants: Aracruz (ES), Limeira (SP), Mogi das Cruzes (SP), Mucuri (BA) and Três Lagoas (MS). The loan is split BRL 342.8 million from the conventional Finem (Financing of Investment in Industry) credit line and BRL 108.9 million from the Fundo Clima (Climate Fund), against a total project investment of BRL 700 million. BNDES projects the financing will support 670 direct and 286 indirect jobs during implementation and cut natural gas consumption by roughly 10.5 million m³/year (~25,000 tCO2e/year avoided) through steam-use optimisation.

Brazil's Gecex/Camex approved Resolução Gecex Nº 816 on 11 November 2025, effective 13 November 2025 and set to expire 12 November 2026, amending Annex IX of the base tariff-nomenclature Resolução Gecex Nº 272/2021 (the "List of Tariff Increases for Reasons of Trade Imbalances Derived from the International Economic Situation"). The measure bundles two opposite-direction interventions across six products/NCM lines: a temporary import-tariff increase on five products, and a temporary import-tariff decrease on one product (NCM 7610.90.00, aluminium structures and parts thereof). It affects sectors including pulp and paper, other plastics products, and structural metal products.

Brazil's Foreign Trade Executive Committee (GECEX/CAMEX) imposed a definitive anti-dumping duty for up to five years on imports of rutile-type titanium dioxide (TiO2) pigments classified under NCM 3206.11.10 (minimum 80% TiO2 content) originating in China, via Resolução GECEX nº 802 signed 23 October 2025 and published in the Diário Oficial da União on 24 October 2025. The duty is levied as a specific tariff ranging from USD 1,148.72 to USD 1,267.74 per metric tonne depending on the identified Chinese producer/exporter. A subsequent public-interest review (Circular SECEX nº 21/2026) was opened in March 2026 and could suspend or modify the measure if a public-interest finding is made.

Brazil's Câmara de Comércio Exterior executive committee (Gecex) approved Resolução nº 770, de 25 de julho de 2025, amending Annexes II and V of the base tariff-nomenclature resolution (Gecex nº 272/2021). The resolution raises the import tariff on raw kraft paper/cardboard (NCM 4707.10.00) and other recovered/waste paper or cardboard (NCM 4707.90.00) to 18%, valid 1 August 2025 to 31 July 2026, and sets a 3.8% duty on glyphosate and its monoisopropylammonium salt (NCM 2931.49.14) valid 15 August 2025 to 14 August 2027. It also removes carbon steel with carbon content of 0.6% or more by weight (NCM 7213.91.10) from the reduced-tariff annex.

On 21 May 2025, Brazil's national development bank BNDES approved a BRL 71.4 million (~USD 12.6 million) loan to BO Paper Brasil Indústria de Papéis, financed through the Novo Fundo Clima (New Climate Fund), to adapt its Jaguariaíva (Paraná) packaging-paper plant to run on a 50% virgin / 50% recycled fiber input mix. The plant is Latin America's largest packaging-paper producer. Total project investment is approximately BRL 93.2 million, targeting 160,000 tons of installed capacity and a claimed ~16.6 thousand tons/year reduction in CO2e emissions (~48.9% versus the counterfactual all-virgin-fiber process).