Brazil has emerged as the most powerful economy in Latin America. In this article, we will disclose more information about this beautiful country and tips on how to start importing and exporting.
This federal republic boosts a population of close to 200 million people with its official language as Portuguese. There are a lot of other important communities that speak Spanish, German, Japanese, English and other Amerindian languages. Its currency is the real and its capital is Brasilia. Its most important industries are textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft and motor vehicles. Brazil’s main business partners are the US, China, Argentina, Germany, Nigeria and the Netherlands.
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 the Brazilian culture 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.
Overall, gifts are not expected but you can give still go ahead by offering some company material such as agendas or pens. Be aware that expensive gifts can sometimes be perceived as a bribe and can be badly looked upon so don’t take too many risks there.
As you can see, doing business in Brazil can represent endless business opportunities. You just need to investigate further abou! t your i ndustry in this emergent market and
Joshua Adekane specializes in assisting companies on how to successfully build and grow their sales in Latin America and the Caribbean. To get instant access to tools and resources, click here Brazil Suppliers. For more information about this dynamic market, click here B2B Website
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