Brazil's Booming Economy Creates Opportunities For Hongkong's Garment Industry

The Hongkong Trade Development Council announced in August 8th that Brazil's recent economic take-off, coupled with the increasing bilateral trade between Mainland China and Brazil, has brought new exports to Hongkong. Business opportunity 。

The report, entitled "Brazil: Latin American economic star", says that Brazil has a large and diversified industry, coupled with increasing consumer demand, and a keen demand for electronic products. It is a market worth exploring by Hong Kong businessmen.

"Brazil's economy continues to flourish and its prospects are optimistic, creating excellent business opportunities for electronics companies. Watches, gifts, toys and clothing are all the main products of Hongkong's export to Brazil, just in line with this advantage."

More than half of Brazil's 190 million population is middle class. Chen Yongjian, an economist at the TDC, said that with the expansion of the middle class population, the trend of Brazil consumers is becoming more and more sensitive, and it is also easy to accept fashionable and innovative products, which is conducive to the entry of Hongkong products into the local market.

Report independent variables are said to have recorded the largest amplitude since 2010 in Brazil in 2010. Economics Growth accounts for 40% of GDP in the region and has become the star of Latin America's economy. Brazil's GDP per capita is more than US $10 thousand and 800, the first of the BRICs.

In addition, Brazil will host the world cup and Olympic Games in 2014 and 2016. It is expected that the two sports events will create a lot of business opportunities. The report said that this will be a great opportunity for Asian suppliers who have participated in the Beijing Olympics or have relevant trade experience, and gifts are one of the three major products exported to Brazil by Hongkong.

The report further analyzes that besides the expanding consumption market in Brazil, the frequent trade and investment between Mainland China and Brazil is also an important factor for the good of Hong Kong businessmen. Between China and Pakistan Trade and Commerce Cooperation will bring more business opportunities to Hongkong's banking, logistics, trade and business consultants.