With a new government, it is normal to wonder what Brazil's relationship with the outside world will be like. There are many variables to consider in this scenario and a good manager must be prepared for what may come.
Find out how!
Analyzing Brazilian foreign trade
Foreign trade is nothing more than the negotiation (import and export) of products and services between countries. But you probably already know that.
What perhaps not everyone knows is that australia physiotherapist email database until very recently, in the 1960s, Brazil limited its exports to only primary products, such as coffee and cotton. Today, our product portfolio is quite diversified, with exports of products such as footwear, textiles, processed foods, orange juice , among others.
Despite not being particularly prominent for an emerging country and being highly dependent on commodities, Brazil's trade balance usually records excellent figures. In 2017, we had a surplus of almost US$67 billion in the trade balance, the highest result since 1998, and we closed April of this year with a surplus of US$6.061 billion.
Brazil's main trading partners include the European Union, the United States, Argentina, Paraguay, Uruguay, Mexico, Chile, China, Taiwan, South Korea, Japan and Saudi Arabia.
New perspectives
New perspectives open up when a new government assumes the presidency. Signing new international trade agreements, increasing the share of foreign trade in Brazil's GDP and greater independence from Mercosur are examples of actions that are on the ministerial agenda.
However, beyond this, a global vision is needed to help Brazil become more competitive in the world. One way to do this is by reducing the Brazilian tax burden , another proposal of the new government through Tax Reform.
Macro thinking
To be prepared for what is to come and help Brazilian companies become more competitive, managers need to have a macro mindset, identifying opportunities and threats to the business .
The expectation for global GDP growth, for example, is that it will grow by 3.3% in 2019, the worst result since 2009. The United States and China have also been involved in several trade conflicts, and both are partners of Brazil in this regard. What could be an opportunity and what could be a threat in this? Great caution and risk analysis are required.
Furthermore, it is also essential for entrepreneurs to know how to identify the best tools for export and import operations , as well as for managing international contracts and finances.
One of the distinguishing features of the MBA in Management: Foreign Trade and International Business at MMurad/FGV is that it provides managers with a foundation in these tools, as explained by the course coordinator, Miguel Lima.
The latest developments in Brazilian foreign trade?
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