130 likes | 275 Views
Brazil. Marcelo Vaz de Campos Economic officer Embassy of Brazil in Prague Festival Exportu CZ Praha, 19.6.2014. Economic outlook and opportunities for business with the Czech Republic. What is Brazil?. “Tropical paradise” “The country of the Amazon, carnival and soccer”.
E N D
Brazil Marcelo Vaz de Campos Economicofficer Embassy of Brazil in Prague Festival Exportu CZ Praha, 19.6.2014 Economic outlook and opportunities for business with the Czech Republic
What is Brazil? • “Tropical paradise” • “The country of the Amazon, carnival and soccer”
But it is also... • Agricultural powerhouse: top producer of sugar, biofuel, orange juice, soybeans, poultry and beef • Third biggest aircraft manufacturer in the world (Embraer) • Developer of cutting-edge technology in offshore oil drilling
Brazil in numbers • 8,5 million sq.km of area – 5th largest country in the world, the largest in the Southern hemisphere • 200 million inhabitants (est. 2013) - 5thmost populated in the world • GDP: USD 2,5 trillion (IMF 2012) - 7th in the world
Besides the USA, China, India and Russia, Brazil is the only country to rank among the top 10 in area, population and GDP Surface: bigger than 5 million sq.km Population: more than 150 million GDP: higher than USD 1 trillion
Steady and substantial growth • Rate of 3,8% per year in the last 10 years • Increasingly important for global finance • 4thlargest recipient of FDI in 2013 (after USA, China, Hong Kong)
The basics are in good shape • Committed to fiscal targets (deficit ±3% of the GDP) • Foreign debt is under control (14% of GDP) • Foreign reserves are high (20% of the GDP) • Unemployment is low (less than 5%)
Declining poverty and inequality • Economic growth with social inclusion • 30 million people were raised out of poverty in 20 years • 65 million new bank accounts in 10 years • Stronger consumer market • One of the best economic and social moments of the country’s history
Why do business with Brazil? • Like the ČR, it is a democratic country with Western values. • It is easier to do business with Brazil than it is with other emerging countries. • It is a gateway South America, being well connected with all South American capitals. • It has trade agreements with the biggest economies of the continent.
The future • Growth requires more than market expansion • Effortsto make the economy more competitive • Decrease production costs (less tax, better logistics) • Increase productivity (education, R&D) • Modernization requires investments: • Communications • Housing • Energy generation • Transport • Opportunities for investments, but also machinery, products, etc.
Foreign trade • Relatively to the size of the economy, foreign trade in Brazil is still small: only 20% our of GDP (possible reason: strong internal market). • Positive aspect: diversified range of partners: • European Union: 20% • China: 17% • USA: 11% • Mercosur: 10% • Bilateral trade with the Czech Republic is around USD 900 million per year: there is plenty of room for growth.
How to know more • ApexBrasil: investment opportunities (BrasilBeyond) www.apexbrasil.com.br • BrasilGlobalNet: general business opportunities www.brasilglobalnet.gov.br • Exporters’ showcase: find a trader www.vitrinedoexportador.gov.br
Děkuji! Marcelo Vaz de Campos Economicofficer Embassy of Brazil in Prague (224-490-101 *secom.praga@itamaraty.gov.br