Brazil’s lower house approves credit line for exporters, adding agribusiness and mining

Brazil’s Chamber of Deputies approved Provisional Measure 1345/26 on Wednesday (1), releasing up to R$15 billion in credit for exporters affected by international instability, geopolitical tensions and unilateral tariff increases. The bill now goes to the Senate.

The measure is part of the Brasil Soberano Plan, created to support Brazilian companies exposed to shocks in global trade, including U.S. tariffs and the effects of the war in the Middle East on supply chains and trade flows.

The original text, sent by the Executive Branch in March, focused mainly on credit lines for industry. During congressional debate, lawmakers expanded the scope to include agribusiness, selected farm sectors, mining and companies tied to export supply chains.

The rapporteur, Senator Alan Rick of the Republicanos party from Acre, added potential beneficiaries from agriculture, livestock, planted forests, fishing and aquaculture, as well as exporters of mineral products. A special committee approved the report on Tuesday (30), before the vote in the Chamber’s plenary.

The credit may be used for working capital, purchases of goods tied to production, production expansion, technological innovation and process adaptation. The proposal also covers suppliers and companies involved in the production, logistics and commercialization of exported goods.

In April, the government had already broadened the measure to include companies with revenue linked to sales to Persian Gulf countries, including Saudi Arabia, Bahrain, Qatar, the United Arab Emirates, Iraq, Iran, Kuwait and Oman, as well as their suppliers.

Funding will come from the Export Guarantee Fund, the financial surplus recorded in December 2025 by units of the Finance Ministry, and other budget sources.

The expansion of credit for exporters comes at a time of greater uncertainty for Brazilian foreign trade, amid tariff disputes, instability in the Middle East and pressure on global logistics costs. For export companies, access to financing could help preserve working capital, maintain international contracts and adjust operations to changes in the trade environment.

The provisional measure still needs Senate approval to remain in force.

Source: Folha de São Paulo

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