Industries and markets
At the end of 2018, Peru signed the Multilateral Competent Authority Agreement (MCAA CbC) which regulates the exchange of Country-by-Country reports. Thus, Peru has committed to send CbC reports to 44 countries until January 31st,
A non-published study of the National Confederation of Industry (CNI) shows that the 10 biggest exporting states in Brazil limit the usage of ICMS tax credits of companies selling products abroad. The states` governments define
“At his morning press conference today, López Obrador lambasted Fitch, without citing its name, and other credit ratings for their assessment of the state oil company. “What these organizations do is very hypocritical . .
“Brazilian prosecutors say they’re investigating a kickback scheme involving bank directors who allegedly accepted bribes in exchange for investments in businesses that include the now-defunct Trump-branded hotel in Rio de Janeiro.”
“Teachers from the National Committee of Education Workers union began blocking the railroad tracks on Jan. 14 to protest labor demands. That has hampered the distribution of supplies for various industries, including hydrocarbons and grains
“Much of Brazil’s deficit may be eliminated with swift, effective measures, according to Economy Minister Paulo Guedes. Among the measures the Brazilian government is promising to implement are a social security reform, oil concessions and
In December 2018, Brazil published two directives that changed the Siscoserv system. Siscoserv is an integrated tool for foreign trade of services, immaterial goods and other transactions that change the volume of equity. Information have
According to the most favored nation (MFN) principle a state has to grant the same foreign trade privilege to other states which it grated to a third state. The principle is the base of GATT
In November 2018, Brazil and Colombia introduced regulatory changes with view to Country-by-Country Reporting (CbC). Brazil Country-by-Country Reportings (CbC) exists in Brazil since 2016 based on the Normative Ruling 1,681. Thus, Brazil`s regulation is
For the first 100 days in office, Bolsonaros government has created a priority list which has been published on January 23, 2019. The list includes 35 topics, two of them directly relating to international trade.