Brazil: A strong economy, institutional stability as the basis for the future

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Brazil in the world, Brazil in numbers

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Brazil is the world’s 8th largest economy, with a Gross  Domestic Product – GDP (2016)  as high as R$ 6.3 trillion, equivalent to US$ 1.8 trillion (exchange rate) or US$ 3.14 trillion (Purchasing Power Parity).  It s the largest economy in Latin America.

In 2015, it was the 8th largest recipient of Foreign Direct Investment in the world (UNCTAD, 2016).

Brazilian economy began its resumption of growth in 2017 as well as the agenda for implementing economic, tax and political reforms, which are key to the functioning of the Brazilian system.

It is expected a deep strengthening of all Brazilian institutions and the guarantee of institutional stability and governability,  at this very moment when our society aspire to have better quality in the provision of public services, transparency and fight against corruption.

Important actions such as Brazil’s admission process as a member of the OECD and the new Migration Policy (learn more at www.minasguide.com/en/news) are examples of the new institutional phase expected for the country, which already takes part in several international organizations.

The resumption of growth through the greater presence of Brazil in world trade has been the agenda of the Brazilian public and private sectors, an action of extreme importance considering the low degree of openness of the Brazilian economy. In 2016,  total international commerce figures represented 17.9% of brazilian GDP.

Brazil counts on important institutions and initiatives in support of international business

Ministério das Relações Exteriores – MRE

Ministry of Foreign Affairs

The Department of Trade Promotion and Investments (DPR) and the Trade Promotion Sector Network (SECOMs), installed in 104 embassies and Brazilian consulates form the reference axis for commercial promotion, attraction of investments and internationalization of Brazilian companies, in the scope of the Ministry of Foreign Affairs.

Departamento de Promoção Comercial e Investimentos – DPR

Department of Commercial Promotion and Investments

The Department of Trade Promotion and Investments (DPR) and the Trade Promotion Sector Network (SECOMs), installed in 104 embassies and Brazilian consulates form the reference axis for commercial promotion, attraction of investments and internationalization of Brazilian companies, in the scope of the Ministry of Foreign Affairs.

The DPR consists of four divisions, namely:

Divisão de Investimentos – DINV (dinv@itamaraty.gov.br)

Division of Investments

Responsible for the subjects of foreign investments attraction to Brazil and support to the internationalization of Brazilian companies.

Divisão de Programas de Promoção Comercial – DPG (dpg@itamaraty.gov.br)

This Division coordinates strategic planning and manages SECOMs’ network. Responsible for the management of DPR websites, among which the “Foreign Trade and Investment Guide – Invest & Export Brazil” and the coordination of strategic actions to integrate MRE / DPR actions with the Brazilian Export and Investment Promotion Agency – Apex-Brasil.

Divisão de Inteligência Comercial – DIC (dic@itamaraty.gov.br)

Division of Commercial Intelligence

Responsible for the collection and organization of information for the production of commercial intelligence reports, as well as the elaboration of subsidies on sectors, markets, countries and regions of interest for the trade promotion and investment attraction actions of the MRE.

Divisão de Operações de Promoção Comercial – DOC (doc@itamaraty.gov.br)

Division of Commercial Promotion Programs

Responsible for organizing the participation of the Brazilian business sector in trade missions, such as fairs, seminars and roadshows aimed at expanding exports of Brazilian goods and services. It coordinates actions to promote Brazilian tourism.

Agência Brasileira de Promoção de Exportações e Investimentos – APEX Brasil

Brazilian Agency for the Promotion of Exports and Investments

The Brazilian Agency for the Promotion of Exports and Investments (ApexBrasil) acts to promote Brazilian products and services abroad and attract foreign investments to strategic sectors of the Brazilian economy.

Apex-Brasil works in a variety of ways to promote the competitiveness of Brazilian companies in their internationalization processes. Noteworthy is the Be Brasil international campaign, which seeks to place the country as a preferential business partner, revealing “Be Brasil” in keywords related to the attributes of Brazilian products, services and productive sectors.

Plano Nacional de Cultura Exportadora (PNCE)

National Plan for Exporting Culture

The National Plan for Exporting Culture (PNCE) aims to increase the number of companies operating in foreign trade, as well as to promote the growth of exports of products and services, with emphasis on manufactured goods, with higher added value.

The PNCE, coordinated by the Ministry of Industry, Foreign Trade and Services working with other government agencies and private partners in each state (ACMinas is a member of the Management Committee in Minas Gerais).

Memorandum of Understanding between ACMinas and MRE

As part of the cooperation signed, we highlight the relevant actions associated with corporate training in business culture carried out throughout 2017.

Brazil, a country of opportunities

With a population of more than 207 million inhabitants and a representative middle class, Brazil has a significant and still growing internal market. The estimated national consumption potential for 2016 is R$ 3.9 trillion (iPC Marketing).

Brazil:  a country in which you find much more unexplored resources than the amount of resources it consumes. Something unique in the world.

Also noteworthy is the significant portfolio of industrial and infrastructure projects.

Learn more:

Official guide to Brazilian Opportunities and Investments, MRE 2016

How to do business in Brazil?

Legal Guide for Foreign Investors in Brazil

Itamaraty

Photo: Palácio do Itamaraty / Credits: Diário do Comércio
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