Israelis must learn about Brazil to succeed in its agriculture sector, says CNA economy adviser
Pearl Cohen lawyer explains the ins and outs of doing agtech business in Brazil
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“Brazil has a very large economy and an extremely important Agritech industry, but difficult to penetrate – also because of legal difficulties and different mentalities,” said Meny Broid, Partner and Co-Chair of the Latin America and Spain Group at Pearl Cohen law firm in Israel. “At times of shrinkage of traditional economies, it is of great importance that Israeli companies devote more efforts to penetrate the very important up and coming markets of Brazil and of Latin America in general.”
"Someone might think that Brazilian and Israeli cultures are similar and that negotiating with Israeli startups might be easy for Brazilian counterparts. The opposite is the truth," added Ilana Soloducho Kashmir, Partner of the Latin America and Spain Group at Pearl Cohen. "Having the knowledge and understanding of the different business culture and industry standards will not only be handy at the time of negotiating, but also essential at the time of enabling actual and successful collaborations between the two parties."
Gabriela Coser continued: “If we want to sell a technology or create innovation for this sector, you need to understand that each state, each municipality has its own issues, its own demands and its own way to produce… in recent years we’ve also been observing a decrease in international commodity prices, and so therefore we need to invest in order to increase productivity and yields for the farmers.”