Abiquim urges rapid regulation of Brazil Soberano 3 credit program
The Brazilian Chemical Industry Association (Abiquim) has welcomed the government's 'Brasil Soberano 3' initiative, designed to provide credit to sectors impacted by U.S. tariffs. While the inclusion of the chemical industry is a positive development, the association emphasizes that the program remains inaccessible until the federal government finalizes the necessary regulatory framework.
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Brazil Enacts 'Brasil Soberano 3' Industrial Policy Amidst Regulatory Gaps
The Brazilian government has enacted Provisional Measure 1.379/2026 to launch the 'Brasil Soberano 3' industrial policy, confirming a continued state-led development strategy. This initiative includes credit provisions for sectors, such as chemicals, impacted by U.S. tariffs. However, the program remains inaccessible to industry until the federal government finalizes the necessary regulatory framework.