AgendaLatin America Market OverviewIs South Florida that relevant?Challenges and success factorsWhat do you want to discuss?
Latin America Market and CaribbeanYou are here!Current population: 596M (8.4%)GDP: US$4.8 trillion (7.7% world)Top US trade Countries:#3 Mexico#9 BrazilSource: Wikipedia
Why South Florida is the portal to LatinAmerica?The proximity and access to Latin American andCaribbean countriesThe concentration of multi-lingual and highlyeducated HispanicsThe vast representation of professionals andcompanies from Latin American and CaribbeannationsIs it a gateway or a hub: Gateway is a place that easilyallows transfer of good and services. A hub is a placethat draws resources because of its added value.Source: The Canadian Trade Commissioner Service
ProofpointsProximity: Florida-origin exports to Latin American andthe Caribbean make up 23% of all U.S. exports to theregion with South Florida accounting for the majorityConcentration of Hispanics: Hialeah – 94.7%, Miami70%, Miami Dade County 64.5%, Broward 25.8%Representation of companies: GM, HP, Caterpillar,American Airlines, Novartis, Kraft foods, Cisco, Hilton,Electrolux, DHL, Komatsu, Oracle, Carnival, Microsoft,Royal Caribbean, Office Depot, Burger King, PolloTropical, Ryder, AutoNationSource: US Census, World City
Not that easyRankings on the ease of doing businessChile #37Peru #43Colombia #45Mexico #48Uruguay #89Argentina #124Brazil #130Venezuela #180Source: DoingBusiness.org 2013 Report