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Brazil Property News: Brazil turns to trade companies
23rd April 2008 04:56
Brazil uses trade companies to boost exports, it has been reported.
The country's Export and Investment Promotion Agency (Apex) has launched an initiative that aims to encourage business trough trading companies.
Apex aims to use foreign trade companies to increase the export size of smaller and medium-sized firms, according to ANBA.
Maurício Manfré, manager of the project, said: "We noticed that a large number of small and medium companies that participated in our events did not manage to maintain their exports, mostly due to lack of knowledge of the foreign market."
He stated that five markets had been chosen as gateways into their regions: Angola, China, Singapore, the United Arab Emirates, and Mexico.
"Our market intelligence has determined that these markets present the highest growth rates for imports and the greatest number of business opportunities for Brazil," he concluded.
Meanwhile, the Latin Business Chronicle's analysis of Eurostat trade data showed earlier this month that Latin America's trade with EU countries is growing at faster levels than that with the US.
The stats showed that Brazil was the EU's top market in Latin America.
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