3 main pillars: Capital, Tech, Commodities
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- Share GDP growth Challenges. Find similiar values for Growth.
- Both countries has same avg GDP. Focus first on strengthening the relationship with Brazil, the largest market in Latin America.
- Invest in understanding more about both countries market, culture, growth, goals and opportunities.
- Capital Investments.
- Brazil has no Deep Tech funds but has huge market and solutions opportunity.
- Invest in Deep Tech projects in Brazil through joint ventures between both countries, bring talents to Canada and invest in subsidiaries in Brazil.
- Since aircraft and spacecraft parts represent 10.9% of Canadian imports and are the most advanced tech market in synergy, explore investments in this space.
- Share Technology knowhow. Find similiar challenges to validate.
- Brazil is one of the top three fintech markets in the world. Invest in missions, events, leaders, people to share their experiences and knowledge in Canada.
- Canada is top in AI, Gen AI and Machine Learning: Canada's advancements in AI can be beneficial for Latin American industries such as healthcare, agriculture, and financial services. So Canadá can attract more business to Canada by sharing this strenght too.
- Exp: Canada is good in ops and strusturing business but miss in market and validation. Brazil is exactly the opposity.
- Education is a synergy opportunity to benefit both. Canada is the country that receives most brazilians to study abroad.
- Incentivate more Commodities Trades.
- Explore agriculture and minerals tech & products solutions. This is a enterprise business, so organize more formal events and discussions between multinationals.
- Clean Technology: Both countries have a strong focus on sustainability. They can benefit from shared knowledge and technology in clean energy and environmental technologies.
Get together on technology both shares strong knowledge.
Get together on complementary products both shares strong production.
STRENGHTS
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Both Countries are G20
Let me first contextualize markets:
- Brazil GDP ~$1.9 close to $2.2 of Canada but Brazil is 211m population compared to 40m CAN, so the problem their is the GDP/per capita $10.6k compared to $54.9k in Canada;
- Brazil amons of 184 place of doing business tax index against 23 of Canada.
Brazil update on relationship:
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- Capital (access to capital is hard in Canada too, needs to be more capital efficiency, they have less advantage in Capital compared to US )
- Education (attracts the best talents in the world too) - Tech Talents
- Ai and Machine learning + Deep Technology (robots, automotive, aviation)
- Colin: “Create a Digital Vision & Strategy: Because of our diverse population, data generated by Canadians is valued globally. We need an ambitious digital strategy that will defend our data sovereignty & ensure that we use our data to create economic & social benefits for Canadians. Additionally, the world trusts Canada. Why not aim to become the world’s most trusted safe harbour not just for our data, but others as well? Let’s use that early AI leadership to become the most trusted global service provider".
- Investments in AI - Trudeau announces $2.4 billion for AI-related investments
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- Market size and lack of solutions 211m population (target Brazil instead of mostly only USA);
- Blue Ocean for education;
- Fintech knowledge;
TECH ECOSSYSTEM
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- Explore Canadian government capital to invest in mature startups in Brazil (above Series B) or in early-stage ones. Mostly US funds invests in Brazil;
- Canada just limited by 10 startups the number per immigration entity;
- Promote more tech educational exchanges and missions between the two countries, similar to those organized at Collision. As per my knowledge there is only 1 main mission from tech brazilian to Canada, the one in Collission;
- Enhance the exploration of the tech market and marketing between the countries. The USA does a lot of marketing in Brazil, but Canada does not do so as much.
ECONOMY
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source:
- In 2023, there were 15,615 Brazilian students in Canada with study permits;
- Brazil is the largest beneficiary of Canada’s Emerging Leaders in the Americas Program in Latin America;
- 86,000 Brazilians visiting Canada in 2022, Brazil is the 9th largest source of tourists to Canada;
- Brazil is Canada’s third largest trading partner in the Americas after the U.S. and Mexico.;
- Canada and Brazil totalled $13.3 billion in 2023, an increase of almost 6% from the previous year;
- A comparison, Saudi Arabia and Brazil have strengthened trade ties, generating US$7 billion in 2023 alone.
- Two-way trade in services in 2023 was nearly $1.7 billion, with services exports of $1.1 billion and imports of services $575 million.
- Exports: Top Canadian merchandise exports to Brazil include fertilizers (62.1%), machinery and parts (11.4%), mineral fuels, oils, waxes and bituminous substances (4.1%), and electrical and electronic machinery and parts (2.0%);
- Imports: Canada's main merchandise imports from Brazil include precious stones and metals (24.2%), inorganic chemicals (19.0%), aircraft and spacecraft parts (10.9%), sugar and sugar products (9.5%), and machinery (5.9%);
- Canadian direct investment in Brazil stood at $25.3 billion in 2023, an increase of 20.1% from 2022. Brazil’s stock of foreign direct investment in Canada, by ultimate investor country, was $20.6 billion in 2023, making it Canada’s 2nd largest investor in the western hemisphere (after the US) and 8th globally
