$ PDLRU JDPD QDFLRQDO GH HTXLSDPHQWRV SDUD ]RQDV $7(;
M
)HUUDPHQWD PDQXDO H SQHXP¼WLFD HTXLSDPHQWRV GH FRPXQLFD¾R HTXLSDPHQWRV GH PHGLGD LOXPLQD¾R WUDQVSRUWH GH FDUJDV YHVWX¼ULR FDOÂDGR GHWH¾R GH J¼V s WRGDV DV VROXÂÐHV SDUD PDQXWHQ¾R HP DPELHQWHV SHULJRVRV
TXH DR ORQJR GRV ÕOWLPRV DQRV WHP H[LVWLGR XP HVIRUÂR H[SRQHQFLDO GH LQ FUHPHQWD¾R GH PHGLGDV H SU¼WLFDV GH VHJXUDQÂD QHVWHV ORFDLV $V UD]ÐHV SDUD HVWH DXPHQWR GD SUHR FXSD¾R FRP RV ULVFRV LQHUHQWHV » DWLYL GDGH HP ]RQDV H[SORVLYDV GHYH VH Q¾R DSHQDV D UD]ÐHV ÄWLFDV H OHJDLV PDV
$&2(67( 6 $ 7HO )D[ DFRHVWH#DFRHVWH QHW ZZZ DFRHVWH QHW
INFORMAÇÃO TÉCNICO-COMERCIAL
118 119
WDPEÄP SHOD SHUFHS¾R FDGD YH] PDLV JHQHUDOL]DGD GRV HQRUPHV FXVWRV PD WHULDLV KXPDQRV VRFLDLV DPELHQWDLV H SDUD D SUÎSULD LPDJHP GD HPSUHVD GH YDORU LQFDOFXO¼YHO H HIHLWRV D ORQJR SUD ]R LQHUHQWHV » RFRUUÅQFLD GH DFLGHQ WHV 1¾R Ä QR HQWDQWR QHFHVV¼ULR IRFDU FDVRV UHFHQWHV PHVPR QR QRVVR 3DÈV SDUD OHPEUDU TXH HVWD TXHVW¾R FRQWL QXD QD RUGHP GR GLD H H[LVWH DLQGD XP
104
ODUJR FDPLQKR D SHUFRUUHU PHVPR QDV ]RQDV GR JORER PDLV LQVXVSHLWDV SDUD PDLV TXDQGR VH DVVLVWH D XPD FUHVFHQ $ $&2(67( 6 $ HVSHFLDOLVWD HP HTXL
QXDO DQWL FKLVSDQWH HP FX EH DO EURQ
WH GHPDQGD HQHUJÄWLFD D QÈYHO JOREDO
SDPHQWRV LQGXVWULDLV H GH SURWH¾R
H DFHWLOH[ FRQIRUPH FDUDWHUÈVWLFDV GD
H XPD EXVFD LQFHVVDQWH SHOD H[WHQV¾R
LQGLYLGXDO H FROHWLYD HVWHYH GHVGH VHP
WDUHID H ]RQD RQGH LU¼ VHU RSHUDGD
GDV IURQWHLUDV GH H[SORUD¾R
SUH YRFDFLRQDGD SDUD DV LQGÕVWULDV FRP
IHUUDPHQWD SQHXP¼WLFD H KLGU¼XOLFD
UHTXLVLWRV GH VHJXUDQÂD PDLV H[LJHQ
GHWH¾R GH J¼V LOXPLQD¾R SRUW¼WLO
'DGRV UHFHQWHV DSRQWDP SDUD FXVWRV
WHV HP SDUWLFXODU RQGH R ULVFR GH H[
RX Ƭ[D VLVWHPDV GH KRPHP PRUWR
PDWHULDLV QD RUGHP GRV 0 GH HX
SORV¾R HVW¼ SUHVHQWH &RP XP ODUJR UH
HTXLSDPHQWRV GH PHGLGD HTXLSDPHQ
URV VÎ QD 2&'( 8( GHULYDGRV GHVWH
FRQKHFLPHQWR QR PHUFDGR 3RUWXJXÅV
WRV GH FRPXQLFD¾R FRPSXWDGRUHV
WLSR GH DFLGHQWHV VHQGR TXH SRU RXWUR
H WDPEÄP QRV 3DORSoV RQGH Ä OÈGHU
HTXLSDPHQWR GH WUDQVSRUWH GH FDUJDV
ODGR XPD VÎ RFRUUÅQFLD QD $OHPDQKD
GH PHUFDGR D $&2(67( WHP DWUDYÄV
HVFDGRWHV YHVWX¼ULR GH WUDEDOKR H FDO
SURYRFRX XP FXVWR DPELHQWDO HVWLPD
GD VXD UHGH GH SDUFHLURV H GLVWULEXLGR
ÂDGR GH VHJXUDQÂD
GR HP 0 GH HXURV
WHFQRORJLD DQWL H[SORV¾R PDLV UHFHQWH
6HQGR XP VHWRU FRP HOHYDGR JUDX GH
$ OHJLVOD¾R (XURSHLD YHLR LQLFLDOPHQWH
D QÈYHO PXQGLDO
H[LJÅQFLD WÄFQLFD D TXHVW¾R GD DVVHV
UHJXODPHQWDU H PDLV WDUGH LPSRU D
VRULD QD GHWHUPLQD¾R GR ULVFR H HV
XWLOL]D¾R GHVWH WLSR GH HTXLSDPHQWRV
&RP VROXÂÐHV SDUD WRGDV DV QHFHVVLGD
FROKD GRV HTXLSDPHQWRV Ä D SULQFLSDO
DWUDYÄV GDV 'LUHWLYDV (& $7(;
GHV GD LQGÕVWULD H LQGHSHQGHQWHPHQ
PDLV YDOLD GD HPSUHVD QR PHUFDGR
H SRVWHULRU (& $7(; UHV
WH GR WLSR H ]RQD GH ULVFR D $&2(67(
FRQVWLWXLQGR VH FRPR XP FRQVXOWRU GH
SRQVDELOL]DQGR GLUHWDPHQWH DV HQWLGD
WHP GDGR XPD UHVSRVWD LPHGLDWD D XP
VHJXUDQÂD SDUD WÄFQLFRV TXH QHFHVVL
GHV SHOD XWLOL]D¾R GH WRGRV RV PHLRV
PHUFDGR HP H[SDQV¾R PHVPR HP
WHP GH RSHUDU HP DPELHQWHV FRP FDUD
GLVSRQÈYHLV QR PHUFDGR SHUDQWH D PÈ
ÄSRFD GH FULVH FRPR D TXH VH YLYH QD
WHUÈVWLFDV PXLWR SDUWLFXODUHV
QLPD SUREDELOLGDGH GH ULVFR VHQGR TXH
UHV IHLWR FKHJDU » LQGÕVWULD QDFLRQDO D
HVWHV PHLRV GHYHU¾R VHU RV PDLV DGH
DWXDOLGDGH 1XPD UHYLV¾R KLVWÎULFD GHVWD ¼UHD TXH
TXDGRV H HP IXQ¾R GR VHX GHVHQYROYL
$ JDPD DQWL H[SORV¾R RIHUHFLGD SHOD
DLQGD KRMH SRXFR GL] » JHQHUDOLGDGH
PHQWR WHFQROÎJLFR HP GDGR PRPHQWR
HPSUHVD GLYLGH VH HP IHUUDPHQWD PD
GD SRSXOD¾R LQGXVWULDO YHULƬFDPRV
HP FRQVRQ½QFLD FRP DV PHOKRUDV SU¼