Ministry of Development, Industry, Trade, and Services has published a new report that reveals only 14% of exporting companies in Brazil in the year 2023, has females as majority amongst their partners. This figured has been termed as ‘far too low’ by the business director of ApexBrasil Ana Paula Repezza.
As per the data from the report, the disparities in trade underscores that companies with majority of female ownership face higher international tariffs comparatively to the companies with male ownership. Additionally, female-owned businesses claim 6.4% tariffs as compared to 5.1% of business that are owned by males.
“All companies that start exporting create more jobs, pay better wages, and become more resilient thanks to market diversification. But when women increase their income, they tend to reinvest more in their businesses, families, and communities. This is a powerful equation that gives rise to virtuous cycles at the company, community, and national levels. The more exporting companies there are, the stronger the country’s economy becomes. All the women-led companies we’ve worked with at ApexBrasil incorporate sustainable practices. It’s an innate concern for women entrepreneurs,” said Ana Paula.
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