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Brazil-U.S. Business Council Calls for Policy Reforms in Brazil
Policy Paper Recommends Measures to Raise Investor Confidence by Promoting Reforms, Economic Restoration, Investments, and Bilateral Relations
WASHINGTON, D.C.—The Brazil-U.S. Business Council (Brazil Council), an affiliate of the U.S. Chamber of Commerce, today released a white paper on Brazil’s road to restoring investor confidence and stabilizing its economy by pushing a broad agenda of economic and regulatory reforms. The policy paper, titled “BRAZIL: Recovery, Reform, Opportunity,” was released during the 2016 Brazil Economic Conference to a notable audience, including Henrique Meirelles, finance minister of Brazil; Ilan Goldfajn, president of the Brazilian Central Bank; Brazilian and U.S. ambassadors; and CEOs and presidents of various global corporations.
As Brazil rebounds from a political and economic crisis, the Brazil Council evaluated an effective route to rebuilding investor confidence, deepening the Brazil-U.S. bilateral relationship and recovering economic growth. “The pathway to partnership is open, but it begins with recovery and reforms,” said Cassia Carvalho, executive director of the Brazil Council.
In the paper, the Brazil Council examines the conditions needed for investors and trading partners, such as a forward-looking reform agenda based on business-friendly regulations, sound economic policies, modernized infrastructure, and robust international partnerships. The Brazil Council aims to strengthen commercial ties between Brazil and the United States by calling for the reopening of negotiations of a bilateral tax treaty and the beginning of a dialogue on a trade agreement.
The paper also calls for Brazil to act ambitiously and comprehensively to pursue economic domestic and global opportunities. Brazil’s infrastructure development efforts offer a major opportunity for foreign investors, as well as in other sectors such as healthcare, IT, and others.
The white paper can be viewed in its entirety here.
The Brazil-U.S. Business Council is the premier business advocacy organization dedicated to strengthening the economic and commercial relationship between the two countries. The U.S. Section of the Council represents the major U.S. companies invested in Brazil and operates under the administrative aegis of the U.S. Chamber of Commerce, maintaining independent policy formulation and membership. The Brazil Section is managed by the National Confederation of Industry (CNI), composed of the 27 Brazilian state-level federations of industry.
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Its International Affairs division includes more than 70 regional and policy experts and 25 country- and region-specific business councils and initiatives. The U.S. Chamber also works closely with 117 American Chambers of Commerce abroad.