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Brazil Economic outlook and opportunities for business with the Czech Republic Marcelo Vaz de Campos Economic officer Embassy of Brazil in Prague Festival Exportu CZ Praha, 19.6.2014 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) - 5th most 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 4th largest 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 Efforts to make the economy more competitive Modernization requires investments: Decrease production costs (less tax, better logistics) Increase productivity (education, R&D) 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 Economic officer Embassy of Brazil in Prague ( 224-490-101 * [email protected]
