Brazil Tempting Poland

Welcoming Poland?

Welcoming Poland?

According to the vice president of the Polish-Brazil Chamber of Commerce Marian Karolczak, Brazil is the world’s 7th largest economy. At the same time it is the largest economy in South America. Over the past few years, the country has made great progress which has led to an improvement in living standards for its citizens. Moreover, the country itself is a member of BRICS, the world’s five major emerging economies. Mining and the energy sector have become marks of the Brazilian economy. Brazil is one of the largest producers of energy acquired from renewable resources in the world. What is more, Brazil is one of the world’s largest car manufacturers. Annually the country turns out around 3 million cars. Also it leads the way in agricultural with products such as coffee, sugar cane, banana, beans and orange juice. Unfortunately Polish-Brazil economic relations leave a lot to be desired. The participation of Brazil in Polish exports amounts to just 0.4%, imports are at 0.5%. Yet, the Polish chemical giants, Grupa Azoty, Selena and Synthos have been maintaining trade contacts with Brazil for many years. “They sell fertilizers that are not manufactured in Brazil and are very much in demand,” says vice president Karolczak. Currently, Brazil’s greatest potential lies in construction. That is because the country invests not only in the organisation of major sport events but also in housing. Significantly, Brazil needs building materials, and what Polish companies need in order to successfully operate on the Brazilian market is a good local partner. “Local entrepreneurs usually only speak Portuguese and Brazil is fraught with extremely complicated administrative procedures. On top of that, the amount of taxes and fees that entrepreneurs are obliged to pay is around 30%,” sums up Marian Karolczak. One of the first steps that need to be taken is a bilateral agreement on avoiding double taxation in the two countries.
polskieradio.pl

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