Firms invited to visit Latin America

NORTH East firms are being offered the chance to find out about opportunities in one of the world’s most rapidly developing economies.

UK Trade & Investment is leading a market visit from the region to Brazil, which has been at the forefront of the resurgence of the Latin American economy over the last decade.

The Brazil Market Visit, on March 28 until April 1, is open to companies from all industry sectors and will be visiting its two largest cities – Sao Paolo and Rio de Janeiro.

There will also be a special Brazil event in Newcastle at the start of International Trade Week on January 31 when companies can find out more about the opportunities Brazil has to offer and the market visit itself.

Jeff Sanders, one of UKTI’s team of international trade advisers, who will lead the visit, said: "Brazil is simply too big a market to ignore.

"It is the fifth-largest country in the world with a population of around 185 million people.

"It has one of the world’s most rapidly developing economies and a GDP per head greater than either India or China.

"With a broad and sophisticated industrial base, if a product or service is generally competitive in world markets, it is also likely to sell well in Brazil. Consumers and businesses have developed high standards both for quality and value for money.

"Its $1 trillion economy, the tenth largest in the world, represents almost half of South America’s total Gross Domestic Product (GDP). And Sao Paolo’s economy alone is larger than that of Argentina and Chile combined.

"There is also a growing middle class in Brazil who have real spending power and who appreciate high quality merchandise, so there are plenty of opportunities for North East firms to do business."

Source: Nebusiness
www.nebusiness.co.uk