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Overview Of Latin American Business Etiquette

2010/8/16 21:11:00 67

Latin America

The education level of the national people is relatively low.

Administration

There are not many people in business.

Therefore, Latin America must be able to discuss business with people in charge of management.

Discuss

Often, people who have taken part in negotiations will suddenly ask for leave, and the negotiations will be suspended until they are back from their holidays.

Latin American businessmen are very relaxed and cheerful when compared with the agile North Americans.

When negotiating with Latin American businessmen, they often hear them say, "do it tomorrow," but this is still the phrase until tomorrow.

Because of this situation, there are great emotional components in negotiations. But if they become friends, they will give priority to them. Colleagues will also take care of the requirements of their clients, so that negotiations can be carried out smoothly.

Therefore, in Latin America, the attitude of negotiation is to be considerate and sincere, and relentless will not be suitable for the atmosphere of negotiation there.

However, in recent years, business educated people have increased rapidly, so this business environment is gradually changing.

Latin America has a low level of industry, and entrepreneurs have low awareness of their business, and their working hours are generally short and slack.

Because of climate, we get up late in the morning and have a nap after lunch.

The rest time is usually from 12 to 3 p.m., and the bank doesn't open until 12 noon, and it closes at 3 p.m.

Moreover, because of the high level of knowledge in the financial sector, strikes often take place for a month.

During this period, financial activities also pause.

This is a factor we must consider when we trade with Latin American countries.

Latin American countries often become less responsible because of their leisure.

In business activities, non-compliance with payment dates is a frequent occurrence and is not sensitive to the time value of finance.

Among Latin American businessmen who engage in international trade, there are also very few thinkings about the payment of letters of credit. Some businessmen even want to pay by cheque with domestic pactions. Some people simply do not understand the practice of formal trade in international trade.

In Latin American trade, the US dollar is the main currency, and the black market of the US dollar is a common phenomenon in Latin America.

Latin American countries, in addition to Brazil, Argentina and Columbia, have strict censorship of import licences. Therefore, if they do not confirm whether they have been granted permission, do not start organizing production so as not to be caught in a dilemma.

In Latin America, the coup was a frequent occurrence. Because of its frequent occurrence, there was a coup and no disturbance, and the streets were still quiet.

The coup has little impact on general business, and only involves government pactions.