Posted at 7:31 AM
Brazilis one of the largest economies in the world, growing at its fastest rate in at least a decade in just the first quarter of 2010. Much of Brazil’s economy is driven by consumer demand with nearly 50 percent of its population under 20 years old. Most of Brazil’s population is concentrated along the East Coast of the country with nearly 50 million people living in its densely packed cities. While Brazil is still considered a developing country, many business opportunities exist. The rising affluence of Brazil’s middle-class consumers provide a new market for minority-owned firms in the United States to consider.
The major sector in Brazil is agriculture – Brazil is the largest producer of sugar cane, coffee, tropical fruit and frozen concentrate orange juice. The country is also an important producer of soybeans, second only to the United States. Other products include corn, cocoa, tobacco and forest products. There is an advanced industrial sector in Brazil and services include telecommunications, banking, energy, ecommerce and computing.
To learn more about doing business in Brazil, you should contact the closest Minority Business Development Center.