A new platform for cultural interchange and innovation in trade was created by Sapiens Global, connecting the cities of Barcelos (Portugal), Dongguan (China) and Maringá (Brazil). A Chinese mission with 15 people met 15 Portuguese and 5 Brazilian entrepreneurs in Barcelos. From June 10th to 12th, the government representatives of the three cities and the entrepreneurs discussed trading, tourism and technology development. About 16 business opportunities are under development by Sapiens Global, along with DYEA (Dongguan Young Entrepreneurs Association), ACIB (Associação Comercial e Industrial de Barcelos) and CODESUL (Agência de Integração e Desenvolvimento do Sul do Brasil).
Tag: brazil
Going Global With Us SERIES – Doing Business in Brazil
Overview
- Population: 210 million (2016)
- Area: 8,515,770 km2
- Official language: Portuguese
- GDP: US$ 2.346 trillion (2014)
- Major imports: fuels and oils, machinery, electrical equipment, vehicles and vehicle parts, chemicals, plastics, iron and steel
- Major exports: iron ore, oil, soy beans, sugar cane, coffee, chicken, auto and autoparts, airplanes
- Largest import partners: USA, China, Argentina, Germany, Japan
- Singapore is the 4th largest Brazilian trade partner in Asia
Currency: Brazilian Real (BRL)
Understanding Brazil
Federal Republic of Brazil, occupies about half of the land area of South America. Brazil is divided into 26 states and a Federal District, grouped into five regions for administrative and political purposes: the North, the Northeast, the Central West, the Southeast and the South. The population estimated at 206 million (2014), the world’s fifth-largest country and the largest economy in Latin America.
It is a federal republic with a democratic government composed of an executive branch (headed by a president), a bicameral legislative branch (made up of a House of Representatives and a Federal senate) and a Judicial branch. The country has been politically stable since its current constitution was adopted in 1988, even though the multiplicity of political parties – there are more than 20 – means that coalition governments are normal.
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Brazil is a member of the Southern Common Market (Mercosur), which was formed in 1991 and includes Argentina, Paraguay, Uruguay and Venezuela. The Mercosur bloc represents a combined market of well over 270 million consumers and a collective GDP of $2.9 trillion. It provides for a common external import tax rate for imports from non-member countries – imports from members are generally tax exempt – and allows the free movement of goods and people among member countries.=&1=&
Brazil is also a member of the World Trade Organization and has trade agreements with various other countries.Understanding Brazilians