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Doing Business in Brazil Joel Reynoso U.S. Commercial Service September 20, 2012 Regional Disparities GDP in terms of countries - 2011 Source : The Economist: Comparing Brazilian states with countries “iPod Index” This is the CommSec iPod index, based on January 2010 prices for 2Gb Shuffle 1 BRAZIL $167 2 Germany $86 3 China $100 4 France $85 9 United Kingdom $75 23 United States $49 24 Japan $62 Pre-Salt Reserves The New Frontier: 100 Billion Barrels? A 500-mile wide area in Brazil, located under a thick layer of salt -- 350 miles off of Brazil’s southeastern coast in an average depth of over 7000 feet. Brazil Addressing Labor Concerns