RIO DE JANEIRO, March 25 (Xinhua) -- The Brazilian government on Wednesday announced a financing package of 15 billion reals (about 2.87 billion U.S. dollars) to support key productive sectors and enhance export competitiveness.

The funds are aimed at export-driven industries affected by global geopolitical and commercial pressures, including international conflicts and U.S. tariff measures, according to authorities.

Eligible sectors include steel, metallurgy, automotive, pharmaceuticals and electronics, as well as companies facing shortages of critical inputs such as fertilizers.

In a related move, Brazilian President Luiz Inacio Lula da Silva promulgated a law on the Brazilian Official Export Credit System, designed to modernize financing and insurance mechanisms.

The legislation seeks to align national practices with international standards, improve transparency, and expand support for micro, small and medium-sized enterprises.

The new framework also includes incentives for green economy and decarbonization projects, and extends the coverage period for commercial risk in pre-shipment operations from 180 days to 750 days. ■