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"Mexico and Brazil: Can Latin America compete with China's Booming Auto Industry?"
Wim van Acker

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LATIN AMERICA: "Tax treaties in effect in Latin America" chart

LATIN AMERICA: "Tax treaties in effect in Latin America" chart. 2-page chart by Ernst & Young.

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Country Profile: Brazil (report)

Latin America’s largest and most populous nation, Brazil has large and well developed agricultural, mining, manufacturing and services sectors. It is a founding member of the Mercosur (Southern Cone Common Market) and the Latin American Integration Association (LAIA).

A series of successful economic reforms during the 1990s ended years of hyperinflation in the country. The current government, headed by President Dilma Rousseff, has pledged to step up the fight against poverty.

From a cash management perspective, banks are free to set their own competitive interest rates. Notional pooling is not permitted in Brazil and zero balancing is a widely used cash management technique in the country.

The use of paper-based payment and collection instruments in Brazil has declined sharply in recent years in favour of electronic credit transfers, direct debits and payment cards. As a result, card payments and electronic credit transfers are now the most common payment method in the country by volume and by value respectively.

STR (Reserves Transfer System) is Brazil’s real-time gross settlement system. It processes high-value funds transfers and settles transactions from other clearing houses in the country.

Brazilian companies can rely on well-developed electronic banking services. Increasingly banks and software providers are also able to provide a range of browser-based cash and liquidity management services.

To download 26-page report, please click here.

Source: JP Morgan - GAI

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