As you consider starting a business in Brazil, you should be mindful about whom you can do business with, once you are set up. The Brazilian government is encouraging companies to trade with Venezuela. The current economic situation in Venezuela is having a serious impact on the economies of neighboring South American nations, Brazil included.
Though Brazil is the largest economy in the area, the government does not have the ability to give foreign aid to Venezuela on its own. This is why the government is calling for assistance from local businesses that can trade with the Venezuelan government. This call is an excellent opportunity for businesses looking to expand their international markets.
The biggest need in Venezuela, right now, is food, and the government is hoping to stockpile enough food to help ward off a complete shortage for its people. For Brazilian businesses that deal in agriculture, this could mean a great partnership. Meat, sugar, coffee, and other products could be in high demand in Venezuela in the coming months.
This call for help demonstrates the history of South American countries to work together to ensure mutual success. While other nations are offering loans and financial assistance, the partnership between Brazil and Venezuela is more beneficial to business owners looking to expand their exports and profits.
In many ways, starting a business in Brazil that deals with exports is akin to starting a business in South America as a whole. With close ties to other countries, Brazilian businesses often find themselves making trades and deals with neighboring nations.