The basic brief was, what are the things which you will like to keep in mind..if you are attending a meeting in South America

1. Business Etiquettes and Practices in South America -- Group III 2-Vaibhav Awasthi 3-Govind Singh 56-Sachin Sharma 68-Jatinder Pal Singh 80-Anshul Gupta 81-Puneet Piyush

6. Brazil – Certain Key Facts Type of State Federal Republic based on parliamentary documentary Type of Economy 15 th largest world economy Upper- Middle Income Economy Emerging Financial Market Human development Index Rank 70 th /177 Political Stability Stable with friendly relations with all western countries Top Business Centres Sao Paulo, Rio de Janeiro, Brasília and Belo Horizonte Ethnic groups 55% whites, 38% mixed white and black, 6% black, 1% others Business Language Portuguese followed by Spanish Market 5 th largest market oppurtunity after China, India, Indonesia , USA Source: Press

11. Colombia Source: Press Business Etiquette (Do’s and Don’ts) Do’s Don’ts Expect to spend a lot of time getting to know your business counterparts before any business takes place Rush business dealings with your colleagues and avoid pressing for final decisions Translate all your marketing literature, business cards and any other documents you present in your business dealings into Spanish. Failure to do so may jeopardise your business potential Be overly aggressive while negotiating business deals, as it is considered rude and often perceived as arrogant Accept invitations from your Colombian business counterparts to social or business occasions as these are an ideal time to develop relationships Ignore formal Colombian dining etiquette as this will reflect poorly on you as an individual and will also negatively impact any business dealings in Colombia

12. Argentina– Certain Key Facts Type of State Federal Presidential republic Type of Economy Upper- Middle Income Economy Emerging Financial Market Human development Index Rank 49 th /177 Political Stability Stable with friendly relations with all western countries Top Business Centres Buenos aires, Ethnic groups 85% Europeans, 13% mixed ethnic origins and 2% Amerindians. Business Language Spanish , contractual documents need to be in Spanish Business culture History of turmoil and unrest , more focus on quick wins and personal relations Source: Press

15. PERU Source: Press