Brazil should complete deals to avoid double taxation with countries like United States, Colombia, Australia, Germany and United Kingdom, in order to  encourage investiments of companies abroad. This is one of the recommendations included in the Report on Brazilian Investments Abroad 2013, released by Confederação Nacional da Indústria (CNI) this Thursday (16).

CNI ‎recommends law changes to simplify the brazilian taxation model of profits obtained abroad and  the negotiation of investment protection agreements to reduce  polítical risks with countries like Argentina, China, Mexico, Mozambique and Angola.

To CNI, would also be important to extend the diplomatic support to the brazilian companies abroad,  and  therefore suggests the creation of an agency of Banco Nacional do Desenvolvimento Econômico e Social (BNDES – Brazilian National Economic Development Bank) in London. It suggests also an upscale in the performance of the Câmara do Comércio Exterior (Camex - Foreign Trade Chamber), to coordinate investiments facilitation policies abroad.

According to CNI's  Industrial Development director, Carlos Abijaodi,“the investiments abroad  bring a market expansion, new partners, new products, a greater productivity and an increased knowledge of techniques which could favor investiments not only abroad but also inside Brazil”.

CNI's study was conducted based in researches with 28 transnationl brazilian companies, which represents around one third of total nation's exports in 2012. Most of them (22) are from the industrial sector.