London, United Kingdom – 2013, August (Marketing Empire PR) – The emergence of the Latin American market, and in particular, the growing availability of commodities, has turned the attention of two of the world’s leading economies towards this dynamic region of the world.
The European Union and China are each vying for shares of various sectors of the Latin American market, but it looks as if China may be trying to edge out the European Union to fuel its ever-increasing demand for oil and other renewable and non-renewable commodities.
China’s attention on Latin America could be considered an opportunity, but it could also be perceived as a threat. China tends to import raw materials, of which Latin America has plenty, and then exports finished goods; however with the exception of Mexico, Latin America is not a major exporter of a substantial amount of finished goods. If and when this does occur, the outlook on trade agreements with China may be significantly impacted.
Latin America has a well-educated, well-developed and sophisticated business cadre that has worked hard to increase the purchasing power and investment potential of the region, and this has created a great deal of interest among British traders and investors. The gross domestic product of the region is $6.2 trillion and has an average rate of growth that sits at about 4 percent. A number of sectors within this emerging market have turned increasingly towards globalization, and Goldman Sachs has said that by 2050, Brazil and Mexico will be among the world’s six leading economies.
Foreign Office Minister, Lord Howell, commented, “British companies have already had great success in the region, including HSBC, Rolls Royce, and Anglo-American. BG Group announced US$30bn investment in Brazil over the next decade, making them the largest British investor and the largest foreign investor in the Oil & Gas sector. 58 of the FTSE 100 companies are doing business in Latin America. But only 1.4% of UK exports reach Latin America. We need more UK companies to consider doing business there. And we need a wider range of sectors active in the region.”
With the help of companies like Latin America Strategy, many SMEs have begun to integrate their organisations into the local economies of this flourishing region. Matthew Francis, CEO of Latin American Strategy, explained, “We offer support to our clients in the form of strategic business development, a staged market entry and comprehensive in-country business promotion. With these services, our clients find they are able to add significant value to their business development and ultimately to their bottom-line.”
-- END --
Notes to Editors:
You have full permission to rewrite this article and feature it online/offline. For photography, high-res images, or interviews - please contact using the details below.
Contact Person: Matthew Francis
Email:Send Email
Phone: +44 (0) 207 608 5163
Country: United Kingdom
Website: http://www.latinamericastrategy.com
Source: www.abnewswire.com
0 comments:
Post a Comment