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Saiba quem ter do seu lado para compensar a falta de conhecimento sobre um novo ambiente. MAIO Until the s, Brazil and Canada were colonies of European powers, and therefore had no official direct contact. In , Brazil would become independent of Portugal, whereas only in , with the approval of the Westminster Statute, Canada would acquire autonomy from the United Kingdom.
Until the statute was approved, all Canadian relations with foreign governments were controlled by the British. In , the Canadians opened their first commercial office in Brazil. The Canadian embassy, however, would be opened later in In , Brazil opened a permanent mission in Ottawa. Brazil and Canada recognize their importance as growing partners. Such partnership goes beyond commerce, and involves other areas such as cience and technology, environment, services in the areas of electric power, oil and gas, as well as art and culture.
Currently, the central themes of the bilateral relationship include partnerships in education, science, agricultural policy, technology and innovation. Canada is home to the largest number of Brazilian students, most of whom are interested in studying English and French for short periods of time. This amount makes Brazil the seventh largest source of foreign direct investment in the country, with a focus on the mining sector. Currently, Mercosur is negotiating a free trade agreement with Canada, which demonstrates an effort for a greater commercial opening.
The objective is to diversify and increase significantly the export agenda, which is very concentrated. Mercosur and Canada have been negotiating a comprehensive agreement that involves subjects such as the trade in goods and services, government purchases, small and medium-sized enterprises, non-tariff barriers and intellectual property. This began after the United States announced measures that could impact Brazilian exports of steel and aluminum products to that market.
Brief History of the Free Trade Agreement. In , Canada expressed an interest in evaluating with Mercosur the establishment of a free trade agreement. In May , Mercosur and Canada resumed discussions on a possible trade agreement negotiation, which had not taken place since In January , the Brazilian government received the Canadian Chief Negotiator David Usher to discuss topics of interest such as goods, services, investments, government purchases, rules of origin, technical barriers to trade TBT , sanitary and phytosanitary measures SPS , intellectual property, environment and labor legislation.
Canada also expressed interest in biddings and state-owned enterprises. Last year, in November, a round of exploratory discussions between Canada and Mercosur was concluded, establishing the parameters for the negotiations in each technical group and serving as the basis for obtaining a negotiating mandate by the parties.
In recent years, Brazilian participation in Canadian imports has oscillated around 0. The bilateral trade agenda is highly concentrated in inorganic chemicals: on the Brazilian side, sugar and confectionery, stones and precious metals; on the Canadian side, manures and fertilizers, nuclear reactors, machinery and apparatus, aircraft and parts thereof.
Preliminary analysis indicates a potential opportunity for at least 90 Brazilian products, mainly footwear, chemical products, rubber, non-metallic minerals and automobiles. Canada applies, on average, a tariff of In the industrial area, agreements signed by Canada tend to promote immediate elimination of tariffs, except for the automotive sector. Trade in services between the two countries is not very significant, with emphasis only to Brazilian exports of financial services.
At least since , Brazil has recorded deficits in its service transactions with Canada. Negotiations between Mercosur and Canada will include discussions on inclusive trade, covering issues such as sustainable development, small and medium-sized enterprises, gender considerations, labor legislation and corporate responsibility.
ABRIL Since , the Brazilian government has decided to revitalize its mineral sector. Since then, the regulations have been enhanced and a structure was created in order to support this intention. The new federal government, which took office in January , keeps this purpose. The General Director of the National Mining Agency ANM , Victor Hugo Bicca, said in his inauguration speech that they aim to auction mining rights regarding various minerals in several areas in the medium-term, starting this year.
The expectation, by the way, is to attract foreign capital. Therefore, it is important for these investors to know how the Brazilian system of mining legislation works. The goal of this text is to describe some characteristics in a superficial way so that the interested parties can have an idea about the subject. For this reason, we highlighted below some topics about it:. Naturally, a different way by which foreign investors can acquire mineral rights other than taking part in the mentioned auctions is to negotiate directly with those who currently still own the mining rights that can be the rights to research, stake or even exploit , so they can acquire definitively all or part of the rights, or even lease for a determined time also, partially or totally.
As we can see, Brazilian legislation has several nuances that require the investor to make an in-depth analysis of his case in order to make the investment decision. Em , foi promulgada a Lei n. Todos esses setores demandam investimentos robustos e de longo prazo. Destaca-se que o acompanhamento de conformidade deve seguir durante todo o ciclo do investimento.
Abstract: This article provides relevant information about the beginning of fiscal cooperation in September through automatic exchange of financial information shared between Brazil and Canada. This is the case for Brazil and Canada. On the other hand, Brazilian companies have demonstrated great interest in the latest Canadian technologies, which can be applied to increase competitiveness of Brazilian products and services in other markets and sectors.
A side effect of multilateral capital flows is the increase of tax evasion and illicit operations. This instrument introduces an international cooperation policy to investigate potential tax evasion and illicit financial flows.
The exchange of financial information between countries is considered the most efficient instrument to increase fiscal transparency among jurisdictions. Brazil has signed the multilateral agreement MCAA and will automatically exchange information with nearly one hundred tax jurisdictions, including Canada. The CRS Common Reporting Standard allows automatic exchange of information with the Treasury considering the standardized and systematic layout of financial data provided by financial institutions.
This is an efficient and swift instrument used by tax authorities to identify potential lack of income and assets statements located in other countries.
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