Author: Adam Bates
Brazil will host the football World Cup in 2014 and the Olympics in 2016. The country has launched many large-scale infrastructure projects for these events that offer lucrative business opportunities for foreign companies. Take a look at the US Commercial Service’s special web pages that list opportunities related to these events.
According to the FITA, The Brazilian Ministry of Commerce recently announced that the country had a trade surplus of around 30 billion USD in 2011, an increase of 47.8% over 2010. Exports of goods increased by 26.8% to USD 256 billion, while imports rose 25.7% to USD 226 billion. It is the largest trade surplus since 2007.
In 2011 Brazil became the sixth global economy in terms of GDP, ranking ahead of countries like the United Kingdom, Italy, Canada and Spain. The country has particularly benefited in recent years from strong global demand for soybeans and iron ore, which are among its leading exports. In addition, the Brazilian government has implemented tax incentives to promote exports.