In addition to the Council's substantial work on the domestic front, it has developed extensive bilateral and multilateral relationships with private and public sector leaders around the world. The Council has signed Memoranda of Understanding with organizations in Brazil, Russia, Egypt, India, Ireland, Mexico, Chile, Greece, UAE and Saudi Arabia.
The Council creates distinctive business and relationship building opportunities for its members, through Innovation Summits and Innovation Learning Laboratories in these countries. Since 2007, the Council has been engaged in a highly successful series of bilateral dialogues and Innovation Summits between the United States and Brazil on competitiveness and innovation strategy.
In 2010, together with the Competitiveness Councils from Brazil, Egypt, Korea, Russia, UAE, and Saudi Arabia, the Council founded the United Nations accredited Global Federation of Competitiveness Councils (GFCC) to work on competitiveness policies through the sharing of best practices and strategies.
The GFCC is a global network of leaders from Competitiveness Councils in more than 30 countries around the world.
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With growing competition from Asia and elsewhere from around the globe, the United States and Brazil—the world's two largest economies in the Western Hemisphere with a diversity of industries and resources—have a strong incentive to work together to attract and assemble the best, most creative human capital.
Since 2007, the Council, along with its partners in Brazil—the Brazilian Competitiveness Movement (MBC), the Brazilian Agency for Industrial Development (ABDI) and, most recently, the Brazilian Development Bank (BNDES) and the Brazilian National Confederation of Industry (CNI)—have worked together in a concerted effort through more than a dozen dialogues, forums and learning laboratories—as well as three U.S.-Brazil Innovation Summits—to turn ideas into concrete business and research opportunities for the United States and Brazil.
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