Doing Business In Brazil

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Companies are urged to beat a track to booming Brazil

A TRADE mission to Brazil aims to help Humber businesses to set up in what is the world's second fastest growing economy.

Team Humber Marine Alliance, World Trade Centre Hull & Humber and UK Trade & Investment (UKTI) are leading the mission. With funding from UKTI, the cost for the five days in Recife will be just under £1,000.

A Brazil Briefing held at the World Trade Centre revealed some facts and figures on the country's current growth rate and concluded that the effort of getting into its market is likely to be rewarded many times over, particularly for engineering companies.

David Lilley, international trade team adviser manager for UKTI, said: "With GDP growth estimated to be four per cent in 2012 and the football World Cup in 2014, Brazil is investing significant sums in its infrastructure. Indeed, there is a massive amount of activity across most sectors which offers great export opportunities for local companies. Some have already grasped these opportunities but many more, unfortunately, haven't.

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