Economy

High Five

Written by ProfitGuide Staff


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BATTLE PLANS: How to win in Brazil

DON’T:

DO:
consider joint ventures with Brazilian partners if you’re a manufacturer. You’ll avoid some extremely complicated import duties and tariffs and open doors to other South American markets through the MERCOSUR trade agreement.

DON’T:
offer company literature in Spanish when a Portuguese translation isn’t available. Because Brazilians take pride in their distinctiveness in Latin America, they’d rather operate in English.

DO:
appeal to Brazil’s national pride. Get on a client’s good side by referring to specific Brazilian strengths.

DON’T:
SB

* WARNING!
Watch out for … fly-by-night operators

Brazil rates poorly in terms of business transparency, so fraud is an ever-present danger. Secure payment before proceeding with large shipments or projects. — SB

© 2004 Susanne Baillie

Originally appeared on PROFITguide.com