According to ANBA: The Middle East , a region where it is located much of the Arab countries, accounts for 4% of foreign investments in Brazilian companies, according to a study released on Thursday (16) by the National Confederation of Industry (CNI). The research is based on interviews made with 28 transnational companies, which account for about a third of the total exports of the country, 22 are industries. The survey also shows that Africa , another region in which they are Arab countries, has 17% of foreign investment by multinationals. South America is where they invest the most, with 53%, followed by NAFTA, 35% for the European Union , with 19%, and then to Africa. Asia (excluding China ) accounted for 10%, 8% for China and the Middle East by 4%. Africa is the fourth destination where they invest more and the Middle East the seventh. The study was done by CNI for recommending policies to the country to promote investments by Brazilian companies abroad. It shows that Brazil has had difficulty maintaining international flows. It said the participation of Brazil in the global stock investments was 1.96% in 1990 was to 0.65% in 2000 and 0.99% in 2012. Then China went from 0.21% in 1990 to 2.15% for two years. According to the organization, the main reason why Brazilian companies investing abroad is access to new markets.Among other reasons are risk diversification as the Brazilian economic cycle, the reduction of production costs to face international competition, access to new technologies, cheaper inputs and also the markets with which the host country has agreements. CNI claims that there are positive initiatives to encourage the flow of capital in the National Bank for Economic and Social Development (BNDES), but that the Brazilian system of double taxation reduces competitiveness and increases legal uncertainty of overseas investments. The organization calls on the Brazilian government to expand agreements to avoid double taxation, elimination of automatic taxation of profits of overseas companies and signing investment protection agreements, among other measures. Saudi Arabia and the United Arab Emirates on the list are made by the entity of priority countries for the realization of agreements to avoid double taxation on investments. The others are the United States , Australia , Colombia , Germany , Russia , Venezuela , Paraguay , UK , Switzerland , Uruguay , Angola , Singapore, Guinea and Mozambique .
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