RESTRICTEDWORLD TRADE
ORGANIZATIONG/SCM/Q2/BRA/10
8 June 2001
(01-2815)
Committee on Subsidies
and Countervailing MeasuresOriginal:  English
SUBSIDIES
Questions from the UNITED STATES Regarding the
New and Full and Updating Notifications of BRAZIL1
The following communication, dated 17 May 2001, has been received from the Permanent
Mission of the United States.
_______________
Export Financing Programme (PROEX)
1. The notification states that the beneficiaries of the PROEX programme are banks and
financial institutions.  Does the Government of Br azil have knowledge of the recipients of PROEX
supported loans provided by these banks and financial institutions?  If so, can you please provide a
breakdown by industry or sector?
Constitutional Funds for the Financing of the Northeast, the North and the Midwest
1. According to the notification, interest rates on loans given under this programme range from
6 per cent to 16 per cent.  On what basis is the specific interest rate determined for individual
companies?
2. Please provide a more detailed explanation of the column in the table on page 17 of the
notification concerning “additional charges”, including when rebates of interest are given?
__________
                                                     
1 G/SCM/N/25/BRA, G/SCM/N/38/BRA, G/SCM/N/48/BRA, G/SCM/N/60/BRA.