Brazil has the 7th largest export economy and 32nd most complex economy. In 2014, Brazil exported $228B and imported $228B, resulting in a small trade surplus. The GDP was $2.42T and GDP per capita was $15.9k. A group presented on opportunities for India's oil exports to Brazil, covering Brazil's economy and trade, relations with India, Brazil's business environment, statistical trade data, political and legal systems. Brazil represents an opportunity for India's oil exports due to its large economy, imports of refined petroleum, and incentives for developing oil and gas.

1. Exports and Import Business
India’s Oil Export to Brazil
GROUP:UMA1V22
Sainath Balasani
Balreddy Anthangari
Gurdeep Singh
(2nd semester)

2. Topic Presented By
Introduction –Brazil’s Economy Grudeep Singh
India-Brazil Relations Grudeep Singh
Potential Business Attraction-
Brazil
Balreddy Anthangari
Brazil’s Economic Environment Balreddy Anthangari
Statistical & Political
Environment
Sainath Balasani
Legal Environment &
Conclusion
Sainath Balasani
Contents

3. • Brazil is the 7th largest export economy in the world and the 32nd most
complex economy according to the Economic Complexity Index (ECI).
• In 2014, Brazil exported $228B and imported $228B, resulting in a positive
trade balance of $124M.
• In 2014 the GDP of Brazil was $2.42T and its GDP per capita was $15.9k.
Ref:http://atlas.media.mit.edu/en/profile/country/bra/#Imports

4. Economy of Brazil
• In 2014 Brazil imported $228B,
making it the 19th largest importer
in the world.
• During the last five years the
imports of Brazil have increased at
an annualized rate of 12.3%, from
$127B in 2009 to $228B in 2014.
• The most recent imports are led by
Refined Petroleum which
represent 7.54% of the total
imports of Brazil, followed by
Crude Petroleum, which account
for 6.12%.
Ref:According to OCED .org

5. India-Brazil Relations
• India Brazil relationship is extensive and comprehensive covering
every important segment of interaction, seen at all three levels:
bilateral, plurilateral in forum such as IBSA, BRICS, BASIC, G-20, G-4
and in the larger multilateral arena such as the UN, WTO,
UNESCO,WIPO, etc.
• Brazil is one of the most important trading partners of India in the
entire LAC (Latin America and Caribbean) region. India Brazil bilateral
trade has increased substantially in the last two decades.
• Diesel exports by Reliance itself account for more than 52% of India's
exports to Brazil, up from the forty one percent of India's exports in
2014.

6. Potential Business Attraction – BRAZIL
• Very rich biodiversity
• Abundant agricultural, mineral and energy potential.
• Enormous internal growth potential.
• Broad industrial base and infrastructure and a diversified economy.
• Fast-changing business conditions.
• Social inequality.

7. Brazil's Economic Environment
• Brazil has historically experienced strong economic growth since
decade. In the 1970s, real gross domestic product (GDP) grew by
approximately 8% annually. The official currency of Brazil is REAL
• Brazil’s nominal GDP is the 8th largest in the world and the first in
Latin America with a GDP of approximately US $ 1.481 trillion.
• To develop a market economy, Brazil has been reducing import
barriers and privatizing state-owned enterprises.
• Brazil has a large and dynamic private sector, which includes sizable
foreign investments.
• In 2014, the manufacturing sector accounted for approximately 28%
of GDP, the services sector accounted for approximately 65.3% and
agriculture accounted for approximately 6.7%.

8. Statistical Indicators
Year India export India import Balance of
trade-India
Total Trade Growth %
2008 3564 1102 2461 4666 49.23
2009 2191 3415 -1224 5605 20.12
2010 4242 3492 750 7734 37.97
2011 6081 3201 2880 9282 20.00
2012 5043 5577 -544 10620 14.41
2013 6357 3130 3227 9487 -10.67
2014 2260 1141 1119 3401 9.89
2015(Jan-
Apr)
3260 1200 2060 4460

9. Political Environment of Brazil
• The federal republic has three independent branches: executive,
legislative and judicial.
• The President heads the executive branch and the cabinet.
• The Cabinet is answerable to the President.
• The total membership of the House of Representatives totals 513
representatives.
• Voting is compulsory at the age of 18, but 16- and 17-year-olds, the
over-70s and the illiterate are free to choose whether to vote or not.
• Brazil is governed under a democratic regime in which the head
Executive and Legislative positions are occupied by people’s
representatives elected by direct voting.

10. Legal Environment of brazil
• The principal source of Brazilian civil law is the Civil Code, which dates
from 2002, and subsequent legislation.
• The legal system is slow and cumbersome.
• Brazil is a signatory to the Vienna Convention on International
Contracts, a treaty which unifies the international sales law .
• The Special Tax Regime REPETRO (Regime Aduaneiro Especial de
Exportação e Importação de Bens Destinados às Atividades de
Pesquisa e de Lavra das Jazidas de Petróleo e de Gás Natural).
• It is a Brazilian special customs regime which applies to the
importation and exportation of goods destined to foster the growth
of the oil and gas industry.

11. Conclusion
• Brazil is the largest economy in Latin America and 7Th largest in the world and it
has the potential to offer significant growth opportunities for oil and other
commodities export .
• Government is offering financial incentives to companies which are playing a
major role in improving the countries financials by creating special tax regimes.
• Brazilian tax system is very complex as taxes are charged at various levels i.e. at
federal, state and municipal .
Why Brazil ?
• In 2006 Brazils principal imports were crude petroleum oil ,electric engines etc.
The items exported by India to Brazil since 2001.
• Brazil is a developing economy which is a part of BRICS , and developing are
always in a desperate need of natural resources like oil and energy to satisfy the
national demand.
• Brazil remains very attractive to foreign investors due to its growth potential,
large and competitive market and political stability