Since 1990, Brazil had taken many elusive steps to go for fiscal sustainability (Central Intelligence Agency, no date). The Brazilian summit for investment plans is the biggest gathering that takes place in the country. Even after been faced by recession twice, Brazil came up as emerging markets to smooth the recovery. However, the Brazilian economy faces inflation at the rate of 6.4%, which leads to an over valuation of its currency (Domm, 2011). Brazil encourages various foreign investments and is also the major recipient of foreign direct investment. Brazil’s growth potential and high rate of interest makes it an attractive destination for the investors (Central Intelligence Agency, no date). Brazil has many advanced sectors for industrialisation. It has developed in industries such as cement, shoes, manufacturing, aircraft and consumer durables. It also has many sophisticated industries including the banking sector, telecommunication, energy and the computing services. Brazil is also a leader in terms of developments in the fields of science and technology. The Brazilian government is keen to develop environment that encourages technological cooperation, innovative skills in order to foster the pace of economic growth. Brazil’s trade policies make it a major player in the field of business interactions (Trade documents systems). It is however believed that despite various advantages that the economy is facing at the recent time, still a careful evaluation is required in order to enhance its growth potentials in the future.
International business describes the overall business transaction occurring between two nations. The objective of every international business transaction is to increase the sales and reduce the amount of risk. BP is reported to increase its business with Brazil in order to produce ethanol from sugarcanes. The company also wants to increase it’s the share in the Bio