Why Go On A Trade Mission To Brazil?
What is a Trade Mission?
What is a Trade Mission?
A trade mission is a co-ordinated overseas trip usually undertaken by business executives in order to form new contracts, meet agents and buyers, followed by a research of the prospective market and its clime. It is funded by a chamber of commerce or the government, and is accompanied by an exposition in the case of larger trade missions.
Why choose Brazil for a Trade Mission?
Trade missions to the BRIC (Brazil, Russia, India and China) are more frequently funded since these countries have a plethora of trade opportunities that is steadily on the rise. It also gives businessmen the advantage of developing export sales, locate agents far more easily and conduct their market research in keeping with their goals and objectives.
Brazil is Latin Americas biggest economy, and is the seventh largest economy in the world. With a land mass and population of about 193 million people, Brazil is the fifth largest country in the world. The economic growth rate was 7.5% in the year 2010, and has since then been on the rise. With large numbers of the population moving towards the urban areas, domestic demands have risen due to a growing middle-class.
Some of the most important industrial cities in Brazil are Sao Paulo, Rio de Janeiro and Belo Horizonte. It is said that Brazil will soon become the worlds fifth largest economy in the years to come, if it continues to maintain its current economic growth.
Agriculture is the predominant industry in Brazil, which accounts for 6% of the countrys GDP. Brazil is the largest producer of sugarcane, coffee, soybeans, cotton, cocoa, cattle and livestock. The other industries are biofuels, deep-sea oil production, automobiles, textiles, aircrafts, consumer durables and natural resources like petrochemicals, iron ore, tin, et cetera. Brazils service industry and exports constitutes telecommunications, banking, energy, IT, oil and gas, mining, aerospace, transportation and agricultural equipment.
Some of the profitable avenues for trade missions would include the following:
1. Infrastructure and transportation With the responsibility of hosting the FIFA World Cup in 2014 and the Olympics in 2016, the need for social development and infrastructure is crucial in Brazil. Transportation projects that are underway include the construction of airports, roads, sea ports and railway lines.
2. IT Sector A growing urban population facilitates the increase in sales of consumer goods such as cell phones, computers, televisions and the like. Since Brazil is South Americas main ITC market, this opens up opportunities for executives in the same line of business.
3. Health and the Environment Water management is a cause of concern in Brazil, since they is a shortage of pure drinking water. With more focus on building private hospitals, Brazil hopes to improve its health care system through modernization of the health network.
A trade mission to Brazil can prove profitable in various ways and can mean procurement of sales revenues, professional development, and a growing network of business and friendships.
by: PSD Global
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