BRAZIL

Brazilian Chamber of Deputies Approves New Legal Framework for Foreign Exchange Transactions

22 February 2021

The Brazilian Chamber of Deputies on 10 February approved legislation to establish a new legal framework for foreign exchange transactions in Brazil. The National Confederation of Industry believes this legislation would “contribute to the expansion and reduction of bureaucracy in foreign trade operations in Brazil.” The legislation has been forwarded to the Senate for its consideration. More

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Successful Pandemic E-Commerce: Brazil

27 January 2021

Brazil is a distant market for Hong Kong exporters in terms of geography but the southern giant’s size, rapid growth and demand for key items such as electronics make the country an attractive option. The Hong Kong Trade Development Council’s (HKTDC) Research Department arranged a webinar earlier in December 2020 to help Hong Kong exporters reach out to Brazilian consumers. More

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Southern giant an export draw

24 December 2020

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The Greater Bay Area: Hitting the Sweet Spot

09 December 2020

With a Hong Kong base that has been operational for almost a decade, Brazilian food producer and sugar distributor Red Wings & Ba Hong Lung Group prides itself on quality coupled with a clear-headed strategic approach to business. So, having studied the Pearl River Delta market in detail over a 10-year period, the company is well-placed to benefit from and contribute to the Greater Bay Area initiative. More

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The Greater Bay Area: Shaping a South American Boom

18 November 2020

Brazilian exporter Mercosul International has been doing business in Hong Kong and mainland China for more than two decades. The man driving its business here and across the Asia-Pacific region believes the Greater Bay Area Initiative has the potential to deliver positive economic results in uncertain times. More

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Brazil Lowers Duties on Toys

10 November 2020

Effective 1 December, Brazil will reduce from 35 percent to 20 percent its MFN duties on toy imports. More

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The Greater Bay Area: Key to Unlocking Success in Asia

28 October 2020

Over the course of its 80-year history, Banco Bradesco, Brazil’s second largest bank, has built up an intimate knowledge of the nation’s economy and business investment environment. However, the bank is now growing beyond its core markets and expanding into Asia: Having established a base in Hong Kong for its Asia-Pacific operations in late 2019, it intends to take advantage of the Greater Bay Area growth potential to boost its strategy in this part of the world. More

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The Greater Bay Area: Carving out a Niche

16 September 2020

Brazilian company Mundial has established itself as one of the world’s leading producers of knives, kitchenware and personal care products. Since establishing its Asian arm – Mundial Co. Limited – in Hong Kong in 2007, the company has expanded its worldwide network of production facilities and distributors. Their products can now be found across the Asia-Pacific region and the Middle East. Mundial sees the Greater Bay Area as a gilt-edged opportunity for further expansion More

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USTR Updates Congress on U.S. Trade Negotiations

23 June 2020

U.S. Trade Representative Robert Lighthizer recently updated Congress on on-going and potential U.S. trade negotiations. Among other things, he acknowledged that mainland China is not currently on pace to buy the amounts of U.S. agricultural and energy products that were agreed under the phase one trade agreement, due at least in part to the economic ramifications of the COVID-19 pandemic. More

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The Greater Bay Area: Boosting the ‘Bay’

13 May 2020

Havaianas, the 58-year-old footwear maker, which took flip-flops global, opened its first Hong Kong office in May last year. Now, after building up a worldwide reputation, which sees 240 million pairs of Havaianas sold in more than 100 countries each year, the Brazilian brand – owned by the Sao-Paulo-based footwear company, Alpargatas – is putting its best foot forward in a bid to make its rubber flip-flops a must-have lifestyle accessory throughout the Greater Bay Area. More

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