Oportunities

in Portugal

Melissa Pulecio

Karoline Perea

Sebastián Durán

PORTUGAL

Is a semi-presidential republic

located in the south-western of

Europe, it is bordered by the

Atlantic Ocean to the West

and has Spain at the north

east.

PORTUGAL

Overview

Capital City: Lisbon.

Official Language: Portuguese.

It is one of the warmest European Countries.

Power distributed between the President and the Prime

Minister.

Aníbal Cavaco Silva

President

Pedro Passos Coelho

Prime Minister

Population: 10’487.289 (2012

Estimate)

96.8% are Portuguese

and 3.13% are Others

Ethnics.

Currency: Euro

Religion: Majority

Catholic. 94%

Portugal Facts

Portugal Economy

Economical Alliances and FTA

• Portugal has Free Trade Agreement with colombia.

Portugal Economy

GDP: $251.451billions in total.

GDP per capita: $23.671

Portugal is considered a developed-country and a high

income country, it has the lowest GDP per capita in Western

Europe.

Index of Economic freedom

Most industries, businesses and financial

institutions are concentrated in

Lisbon (Biggest) Porto.

Most important cities at doingbusiness

Customs & Etiquette

Portuguese are very conservative .They are formal when

dealing with each other.

Family is the center of the social structure.

Appearance matters.

They dont like criticism and respect age and position.

Greetings are reserved, tradicionally are made with a

Handshake.

Must Call people properly, as Mr. or Mrs.

In business Portuguese like to getting to know each other

the other person before doing business.

The Portuguese prefer face-to-face meetings, The others

are seen as too impersonal.

Businnes Meetings They like to know with who they are doing business.

Use charts for backup.

Business are slowly.

Decisions are not reached at meetings.

Maintain eye contact when speaking.

Do not remove your jacket unless your business associates do so.

Business Meeting

• Appointments should be made 1 to 2 weeks in advance.

•Reconfirm the meeting a few days in advance.

•Initial correspondence should be written in Portuguese.

•You should arrive on time for meetings

Next Step: Exporting ??

Process

PRODUCT

Product: Auto parts of vehicles.

Free Trade Agreements. Tariff: Between 0 % – 9% depending the part.

Auto parts come with a 3.6% stake on all 100% of imported products.

Target Market: Cars companies, Wholesales channels, distribution channels.

Portugal cars (assembly) companies are the most buyer in this sector, producing around 540.000 units of vehicles in 2013.

Strategy: export parts from colombian assembly.

Advantages of Doing Business with Portugal

Advantages of Doing Business with Portugal

Advantages of Doing Business with Portugal

Portugal The second country in the

world with major maritime access.

Economical Alliances

Autopartes

Economical Alliances

Logistic• Highway network of 82,900 Km

• Railroad 2,786 km covering the whole of Portugal.

• In 2013, Colombia exported from Portugal to 3.7 million tonnes,

corresponding to U.S. $ 322 million FOB.

Indicators of Interest in cross-border trade.

Export Number of documents to export: 4

Number of days to export: export 15

Cost in U.S. $ per container: 780

Import Number of documents to import: 4

Number of days to import: import 13

Cost in U.S. $ per container: 925

The second country in the world with

major Maritime Access

Corruption Perception Index

Doing Business 2014

Country RiskCountry Risk

Limited size of manufacturing industry, specialisation in low

value-added sectors exposed to strong international competition

Inadequate innovation efforts and lack of skilled labour

Heavy dependence on the European economic situation

High level of private and public debt

Banks strongly exposed to sovereign risk

Fluctuaciones del Euro- Dollar

News

Video

https://www.youtube.com/watch?v=YK_P

woDWnKA