We have extensive experience in assisting with ongoing operations for all types of industry.
Presentation made by the attorneys Iris Bennett, Partner of the US Law Firm Smith Pachter McWhorter PLC, and her associate Paulo Gusmão, together with André de Almeida and Leonardo B. Leite, partners of Almeida Advogados.
During the third quarter of 2008, Brazilian industry recorded an increase of 7.1% over the same period last year. That jump marked the sector’s greatest expansion since the second quarter of 2004, during which it had risen 12.1%.
That growth is mainly linked to the expansion of the civil construction and mining sectors, including petroleum and iron ore.
Over the past 12 months, civil construction increased 9.2%, while mining rose 5.6%, thus generating a total increase of 4.3%.
Manufacturing performed at 5.9% higher than during the period of July to September last year, as stimulated by machinery and equipment, pharmaceuticals and metallurgy.
As of 2009, analysts are currently exploring which sectors are best prepared for (and, conversely, most exposed to) the worldwide downturn. The first quarter of the year promises to highlight future industry developments, and shed light on the effects of the global financial crisis on Brazil’s economy.
According to the Brazilian Agency for Industrial Development, economic performance will largely depend on domestic economic policies. If other developing countries grow, Brazil’s internal market will likely benefit directly from that growth.
Given the foregoing, Brazil’s Ministries of Science and Technology and Development, Industry and Foreign Trade issued Inter-Ministerial Ordinance 32 on January 21, 2009. That order calls for promoting and stimulating product development and innovative processes, both for Brazilian companies and non-profit organizations. Specifically, the Brazilian government intends to dedicate funding, personnel, materials and infrastructure in support of research and development.
Almeida Advogados has extensive experience in working with industry, from structuring businesses based on contractual, tax and labor considerations, to transferring technology and registering trademarks and licenses. We also regularly pursue efforts to counter illegal copyrighting and competition.