The Latin American Market
How can we further expand our business?
Is that what's been on your mind? Good news! We have a potential market in mind, a market that is populated with around 560 million consumers. A market that is rich in natural resources. A market that is hungry for technology and creative ideas / products / services. An evolving market that will become like Asia. We are talking about Central and South America - Latin America - a market that is populated mostly by Spanish and Portuguese language speakers! You will only stand to gain if you will start building a strategic partnership with them AHORA (AHORA means NOW in Spanish).
The Latin American Market, how many countries are we talking about?
We are talking about 20 independent countries including Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica,
Cuba, Dominican Republic, Ecuador, El Salvador, Guatamela, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Suriname, Uruguay and Venezuela.
Latin America also includes 4 French dependencies, namely, French Guiana, Guadeloupe, Martinique, Saint Barthélemy and Saint Martin; 3 Netherland dependencies, namely, Aruba, Bonaire and Curaçao; as well as 2 US dependencies, namely, US Virgin Islands and Puerto Rico.
Thats a total of 29 countries altogether. The majority speak Spanish (represented in green above). Brazil speaks Portuguese (orange). Other minority languages spoken include French, Dutch, (blue) and others.
Exporting your technology, creativity, service or products?
Latin America welcomes the advanced technologies and innovation that Singapore can offer. Having slowly been evolving from her third-world status, Latin America is getting herself groomed to be more active player in the international arena. If you have a technology, service or product that can really help build up their economy, we can see how we can help you bring them over or assist you to find a suitable importer. With value-added services, reliability and patience, we can get out of the price competition and compete in where your strength is.
Importing from Latin America
This can really be a worthwhile venture. Being rich in land, agriculture, natural resources and CULTURE, Latin America has a lot to offer to Singapore (and Asia). In fact we have a list of manufacturers and exporters of fine wine, fruits, handicrafts, etc. just waiting for genuine importers. Bridge SA screens through them and makes sure you get in touch with "real" manufacturers or exporters. The next thing we can do is to connect you to them, or if you prefer to work through us, we'll do just that.
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Latin America, is it worth your time and effort?
Quoting Professor S Jayakumar, Singapore's Deputy Prime Minister and Minister for Law, in his speech at the FEALEC Young Parliamentarians Forum, he said the following with regards to business with Latin America:
"In Latin America, the key economies in the region are expected to continue growing at a healthy 3.5-5% for the next 4 years. With its rich natural resources, Latin America has become a leading producer of metals and minerals, oil and gas, marine products as well as agriculture and meat products, etc..."
"There is significant untapped potential in the economic relationship between Latin America and Asia. Fast growing demand for commodities has led to a significant increase in Latin America-Asia trade. China's imports from Latin America have increased by more than 600% over the last five years to reach US$21.7 billion."
"In Latin America, the key economies in the region are expected to continue growing at a healthy 3.5-5% for the next 4 years. With its rich natural resources, Latin America has become a leading producer of metals and minerals, oil and gas, as well as agriculture and meat products. Mercosur, the Customs Union comprising Brazil, Argentina, Paraguay and Uruguay, has been successful in linking up with other associate members from Latin America. The Brazilian National Development Bank's US$500 million worth of loans for projects in neighbouring South American countries would help stimulate infrastructure development targeted towards greater regional connectivity."
"Other Asian countries are also aggressively entering the region."
"Latin American companies are increasingly seizing opportunities in Asia.... However, overall, the Latin American presence in Asia is still small and there are many more opportunities waiting to be exploited."
For the full article, please click on Latin American Market.
To listen to the latest report on another Spanish speaking market by msnbc.com, click on Hispanic Market.
There is ONE THING that you can do now to immediately expand your business into Latin America whether or not you are an online business. What is that? Read more here.
What about the challenges?
A recent research done by Brookyln Institute in August 2006 outlines the following challenges in Latin America (or LATAM):
First, high inequality, partly related to historical relations between Europeans, indigenous and Afro-descendants, but reinforced by continuing dualism between the formal and informal sectors.
Second, education, where the region suffers from a serious "secondary deficit" and weak educational quality.
Third, the business climate, which exhibits continuing problems with inappropriate regulation, while infrastructure provision has suffered from cutbacks to public provision, only partly compensated for by increased private investment.
And, finally, Latin America's future sources of international comparative advantage: whether in natural resource-based exports or in manufacturing, the region needs to improve performance in mobilizing knowledge and technology. Read the entire LATAM report here. BUT...
Before you are being put off by the challenges currently facing LATAM, we hope you will read on to see if they what they REALLY are. Every economy has a unique set of needs. But needs create opportunities. Click here to find out the secret to Latin America.
What about you?
We are currently helping a few Singapore companies to explore the market. Whether you are thinking about importing from or exporting to Latin America, take your first step today - contact us.
This is not limited to Latin America. It can be anywhere in the world. It doesn't matter if your business idea sounds crazy to you. Tell us what you have in mind, let us explore your idea together. Let us know how we can help you achieve your goal!
Join the adventurous; do not miss out on the opportunities! AHORA es la hora! Now is the time!
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