The treaty was signed by the Arab country’s foreign minister Abdullah Bin Zayed Al Nahyan and by the Brazilian Tourism minister Marcelo Álvaro Antônio.
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The deal prevents the levying of income tax on returns on direct investments in both the source and target countries, thereby paving the way to increased flows.
The South American Soccer Confederation announced the Arab company as the official airline of the body’s club competitions for the next four and a half years.
The signing of a deal covering 17 non-tariff-related issues is expected to happen in December. Tariffs have been lifted under a previous deal entered into by the Andean country and Mercosur.
Grupo Bandeirantes has signed an agreement with Global Mídia Group from Portugal. The initiative will launch, in the year’s second half, a news and entertainment website for Portuguese-speaking countries and regions.
