A major new international business partnership, the third in eight months, has been launched by overseas trade specialist, Chamber International, to help UK businesses trade with Brazil.
The new partnership is with the Warwickshire-based Brazil Business Hub Ltd, a joint venture launched in 2015 between the GTMA trade association and Commercial Doctor Ltd, supported and seed-funded by UK Trade & Investment (UKTI), now the Department for International Trade (DIT).
The Brazil Business Hub supports UK companies wanting to trade with Brazil, now and after Britain leaves the EU, to help achieve UK government aspirations of becoming a global trading nation.
The new alliance follows similar strategic partnerships announced by Chamber International with British Centres For Business (BCB), Dubai, and Resolve, based in North Yorkshire and Charlotte, North Carolina, to support growing UK interest in North America in preparation for any US trade deal.
Brazil Business Hub, which provides services including identifying and researching market sectors; identifying and engaging with distributors and other potential partners; organising market visits and advising on local manufacture, recruitment, import tariffs, taxation and contracts, has supported substantial UK companies including Jaguar Land Rover early in its project to build a factory in Brazil; Homeserve Plc, and companies in oil and gas, manufacturing process equipment, agro-tech, medical devices and glass manufacturing.
Brazil Business Hub director, Philip Gray, says: “Brazil, like much of South America, has not been fully exploited by UK companies, perhaps because of a fear of the unknown, plus an appreciation of the cost and timescales involved in doing business there, but the country is no more challenging than other ‘long haul’ markets such as China, India or Russia, where distance, language and bureaucracy are factors.
“There is also strong interest among Brazilian companies for trading with UK counterparts and good opportunities there. There has recently been a lot of merger and acquisition activity with international investors, particularly from China, investing in Brazilian assets. Brazil also has a fast-growing new-tech and venture capital sector, driven by young, well-educated and internationally experienced entrepreneurs.
“We are excited about our new relationship with Chamber International which will provide clients with a more dynamic source of information and advice on Brazilian and Latin American business, and will also enable us to introduce exciting new business propositions from UK companies into these valuable markets.”
Brazil’s São Paulo State, which has a 45m population and provides around 34 per cent of the country’s gross domestic product (GDP) is its main economic centre and is usually regarded as the best place for companies wishing to trade with Brazil to visit first because of its strong business culture, wide range of professional support services and supply chain and logistics companies with international experience.
Chamber International director, Tim Bailey, says: “This exciting new partnership with Brazil Business Hub brings significant additional expertise to our existing networks and contacts there, including a Brazilian member of staff, and between us we can now offer a formidable range of support to companies wishing to trade there.”
Chamber International helps hundreds of new and experienced exporters throughout the UK with a wide range of specialist services to make exporting easier and more cost effective.
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