For many companies that does business in Latin America, Brazil is by far the largest slice. No suprise there. At more than 118 million people -- 11 million in the southern business center São Paulo alone -- demand for foreign-made goods can be staggering. It offers some challenges, principally import taxes designed to protect local industries, but the country has made huge strides toward opening and can be a great new market for your brand.
The best contacts and resources to help you get it done
Learn who’s who online—fast
Many big Brazilian trade groups maintain fairly current Web sites in English, useful for getting ahold of recent economic data or drilling down into your particular sector.
I recommend: Look for the "English" link on key Web sites, including trade opportunity site
BrazilTradeNet and export promotion agency
Apex Brasil. The National Industrial Confederation also publishes a
quarterly economic report in English. See
Latin Focus for news headlines.
Business News Americas maintains a pay database directory of companies in Latin America searchable by geography and sector.
Begin your research without leaving home
Brazilian business chambers are all over the United States and often host events with top business and government speakers. If you are serious about Brazil, this is a great place to start networking.
I recommend: In the United States, you'll find Brazilian-U.S. chambers in
Atlanta,
Houston,
Miami,
New York,
Los Angeles and
Washington, D.C.
Start off slow
Heading to a foreign country to sell is a big step, particularly in a really new culture. Consider attending a trade fair in your area, perhaps for a year or two or longer, first. If the opportunities are real, it will be obvious.
I recommend: Brazil hosts quite a few trade fairs. A comphrenhensive, searchable database can be found at the Brazilian trade fair promoters federation,
Ubrafe.
Sell to government
As is the case in most of the world, government outspends many private corporations by many times over. Get a piece of this business and your company will take off.
I recommend: Brazil runs its government purchasing auction-style through its Web site
Comprasnet.
Find friends in country, your best local guide
The American Chamber of Commerce in Brazil has more than 6,200 members in dozens of sectors and is present in 10 Brazilian cities.
I recommend: Amcham Brasil, as it's known, is so thoroughly Brazilian (80% of its membership) that its
Web site appears nearly entirely in Portuguese. No matter: The majority of business people in major cities speak English as a matter of pride, and Amchams are definitely pro-foreigner, pro-business organizations. The U.S. government also runs
commercial offices worldwide.
Go in with your eyes open
Many Brazilians complain about the bureacracy and other structural hindrances to doing business, including stiff taxes and generally anti-competitive labor laws. Things are changing, but understanding the obstacles can make or break your plan.
I recommend: The Brazilian government publishes a detailed guide (PDF file) in English, titled
Investments in Brazil Step-by-Step. Amcham Brazil breaks it down even further in its
English-language book series "How-to," including topics such as distribution, franchising, hiring, law and taxes. The World Bank has a good
general guide to the economy.