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Doing Business in Brazil

By Edited Sep 10, 2014 0 0

Business Brazil (19818)

Brazil is the largest and most powerful economy in all of Latin America. In this article, we will give you more information about doing business in Brazil and how to import and export with this beautiful country.

Brazil is a federal republic with a population of 199 million people. Portuguese is the official language although the business community widely speaks English. Brasilia is the capital and the currency that is used is the real. The Brazilian main industries are textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft and motor vehicles. Its main business partners are China, USA, Germany, Argentina, the Netherlands and Nigeria.

Brazil has very large quantities of natural resources including the largest recent oil find since the year 2000 insuring that it will be able to support their fast growing economy. Their natural resources include bauxite, gold, iron ore, manganese, nickel, phosphates, platinum, tin, uranium, petroleum, hydropower and timber.

As a foreigner, you will need to adapt yourself to doing business Brazil therefore you need to know the basic business etiquette of the country. To start, the dress code for men is a suit and tie. For woman, it is pants or a skirt with a blouse. People in the banking industry usually dress more formally. Business greetings are usually done with a firm handshake, a tap on the back and an air kiss for women.

Set your meeting around two weeks ahead of time. Be prepared to show up on time even thought your potential business partner will be a little late.

In general, gifts are not required but you can always give some company material such as pens and agenda. Be careful when giving high value gifts as it can be viewed as a bribe and can reflect negatively on you.

You can clearly see that trade Brazil represents endless importing and exporting opportunities. You just need some time to thoroughly research the growth of your industry in this emergent and fast growing markets.



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