Brazil is the largest country in South America and offers opportunities for Canadian companies in a number of sectors.
Evaluating the market in Brazil
We can help you get a better understanding of market activity, relationships and support to grow your business.
What this means:
Actively pursuing business
All EDC solutions are available in this market, subject to regular approval criteria
How does EDC determine the position?
EDC takes the following into account when determining the position in a given market:
Government of Canada restrictions
Political, human rights and corruption risks
Other factors that may be taken into consideration are: size of the economy, diversification of the economy, risk of natural disasters
Low to Medium Risk
What this means:
The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.
How does EDC determine the risk rating?
The CCC risk rating is impacted by the Sovereign Probability of Default (ability and willingness to honour financial obligations), political risks, and other mitigating or worsening factors.
Business environment in Brazil
Brazil has the largest economy in South America but it has recently faced deterioration in its macroeconomic, investment and political environment due to high inflation, a depreciating currency and economic contraction. Despite this, Brazil has a diversified economy and export base, along with a strongly regulated banking system. Brazil offers many opportunities for Canadian companies in a number of sectors, however, expensive tax regimes, heavy bureaucracy and political uncertainty continues to present challenges for Canadian exporters.
EDC serves Canadian companies in Brazil through our local representation in Rio de Janeiro and São Paulo.