{"id":279013,"date":"2020-08-21T17:22:15","date_gmt":"2020-08-21T20:22:15","guid":{"rendered":"https:\/\/anba.com.br\/?p=279013"},"modified":"2020-08-21T17:22:15","modified_gmt":"2020-08-21T20:22:15","slug":"double-taxation-a-barrier-to-arab-investment-in-brazil","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/double-taxation-a-barrier-to-arab-investment-in-brazil\/","title":{"rendered":"Double taxation a barrier to Arab investment in Brazil"},"content":{"rendered":"

S\u00e3o Paulo \u2013 Double taxation is one of the biggest issues when it comes to attracting further investment from Arab countries into Brazil. So said Arab Brazilian Chamber of Commerce<\/strong> (ABCC) president Rubens Hannun during an online debate hosted by LIDE RS, the Rio Grande do Sul, Brazil chapter of business leaders group LIDE.<\/p>\n

The event (pictured above<\/em>) took place on Thursday (20). Discussions revolved around business opportunities in Arab countries, featuring LIDE RS president Eduardo Fernandez as moderator. Panelists included JBS Business director Jana\u00edna Azevedo and MSD senior manager for Institutional Relations and Market Access Mar\u00edlia Rangel.<\/p>\n

One of the questions raised was getting Arab investment funds to invest. \u201cThe Arabs are looking for governance and legal safety. They will not lend cash; they will invest in production. They make actual investments,\u201d said Hannun, who sees the complexity of Brazilian law as an obstacle to that end. \u201cDouble taxation keeps a lot of investment from happening. A double taxation agreement [between the United Arab Emirates the Brazil] is pending congressional approval. For instances such as this, we have created a Brazil-Arab Countries Parliamentary Group of senators and deputies, so that these issues can be discussed at greater length,\u201d he said.<\/p>\n

Regarding transactions of other kinds, Hannun believes the pandemic response brought about quicker responses. \u201cWe need to turn the key fast. The Chamber is hosting webinars virtually on a weekly basis,\u201d he said, adding that there are advantages to online meetings, which are speedier and keep Brazilians and Arabs closely connected.<\/p>\n

Mar\u00edlia Rangel of company MSD believes that tapping into Arab markets is a must. \u201cThey are in a region with one of the fastest growing populations in the world, and they regard many Brazilian brands as household names, among other reasons due to these brands\u2019 names and because they identify with the products,\u201d she said, referencing the good reputation that Brazilian-made products have attained in the Arab countries.<\/p>\n

As to the perception that it\u2019s harder for a woman to do business with the Arabs, Jana\u00edna Azevedo of JBS\u2019s own career counters that notion. \u201cMy career does not fall in line with the statistics according to which \u2018women don\u2019t do business with Arabs.\u2019 Of course, each country is different; some are more conservative and others are more open, but then that\u2019s the case anywhere in the world. It\u2019s a cultural thing. Women should indeed keep doing business with the Arabs. I hope we\u2019ll see more women join this market and assume leadership positions,\u201d she said.<\/p>\n

Azevedo said Arab countries are about sales volume, challenges, and opportunities. \u201cOne of the people I learned to negotiate the most from was Arabs. They\u2019re about trust and speaking eye-to-eye. Once you earn their trust, that\u2019s it,\u201d she concluded. The webinar was part of the LIDE Talks online series.<\/p>\n

Translated by Gabriel Pomerancblum<\/strong><\/p>\n

Screenshot\/YouTube<\/div>\n","protected":false},"excerpt":{"rendered":"

The need to simplify Brazilian law in order to bring in further investment from Arab countries was one of the topics in discussion in an online debate on Thursday (20) hosted by business group LIDE RS. Arab Brazilian Chamber of Commerce president Rubens Hannun was a featured guest.<\/p>\n","protected":false},"author":2324,"featured_media":279007,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[114],"tags":[9859,10044,4639,16757,6040,10014,16758,16704,9672,14803],"class_list":{"0":"post-279013","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-arab-chamber-en","9":"tag-arab-countries-en","10":"tag-camara-arabe-en","11":"tag-debate-virtual","12":"tag-double-taxation","13":"tag-investment-en","14":"tag-lide-en","15":"tag-lide","16":"tag-rubens-hannun-en","17":"tag-webinar"},"wps_subtitle":"The need to simplify Brazilian law in order to bring in further investment from Arab countries was one of the topics in discussion in an online debate on Thursday (20) hosted by business group LIDE RS. Arab Brazilian Chamber of Commerce president Rubens Hannun was a featured guest. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/279013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2324"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=279013"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/279013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/279007"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=279013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=279013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=279013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}