Cross-Cultural Analysis: Business Report on Paraguay and UAE Relations

This report provides a comprehensive analysis of the cross-cultural business relationship between Paraguay and the United Arab Emirates (UAE). It explores various aspects, including cultural nuances, political relationships, and economic conditions. The report begins by highlighting the cultural differences and business etiquette in both countries, emphasizing the importance of respecting local customs. It then delves into the political dynamics, discussing the visa-on-arrival policies and the growing diplomatic ties between the two nations. Furthermore, the report examines the economic factors, such as Paraguay's economic stability and the UAE's focus on non-oil trade. It also covers business negotiation strategies, the role of government stability, and the impact of trade laws. The report references several sources to support its findings and provides a detailed overview of the factors influencing the business environment between Paraguay and the UAE. This report aims to provide a deeper understanding of the challenges and opportunities in cross-cultural business interactions.

CULTURAL MANAGEMENT
NAME OF THE STUDENT
NAME OF THE UNIVERSITY
AUTHOR NOTE

INTRODUCTION
This presentation will involve two nations of Paraguay
and United Arab Emirates (Abu Dhabi)
Historic and socio-political issues will be discussed
Influence on cross-cultural relationships will also be
investigated
Business negotiations will be evaluated here

CROSS-CULTURAL
RELATIONSHIP

Do’s and Don'ts
UAE possess a diverse and multicultural society
No sensitive advertisements and promotions can be used
Maintaining personal relationships is the primary culture
Maintaining the etiquettes required in businesses
Paraguay enjoys macroeconomic stability
Utilization of export credit mechanism is hugely
performed
No business meetings in January and February

POLITICAL RELATIONSHIPS
People from UAE are accessible to get visa on arrival on visit
to the Republic of Paraguay
Paraguay is the 143rd nation to receive offer of visa-on-arrival
for the nation of UAE
Maximum number of staying is for 30 days
Beneficial for the business related people

HISTORY OF THE NATIONS
Paraguay is one of the fastest growing nations of South
America
They also possess sound public finances
High average annual real GDP growth rate of 4.5%
The economic activities picked up in Abu Dhabi in 2018,
meeting a growth of 2.9%
There is increase in the investment along with credibility in
private sector
World Expo 2020 will provide a major boost

POLITICAL BONDING

BUSINESS NEGOTIATIONS
Abu Dhabi are in talks to possess free trade agreement
with Paraguay
President of Paraguay interested in opening the first ever
commercial representative office in the UAE
It will focus in strengthening the flow of trade and
investment between the two nations
Focus on non-oil trade between them

Factors affecting Negotiations
Government stability within the two nations
Political relationship between the two regions
of Abu Dhabi and Paraguay
Formulation of trade laws and its proper
implementations
Economic conditions of the two places

References
Al-mulali, U., Fereidouni, H.G. and Lee, J.Y., 2014. Electricity
consumption from renewable and non-renewable sources and economic
growth: Evidence from Latin American countries. Renewable and
Sustainable Energy Reviews, 30, pp.290-298.
Beraja, P., 2016. Analysis of the Middle East fashion and luxury market:
success of UAE through the prism of ecenomic development and
consumer behavior transformation.
Musai, M. and Mehrara, M., 2014. The relationship between economic
growth and entrepreneurship. International Journal of Academic Research
in Business and Social Sciences, 4(3), p.616.
Nickson, A., 2017. Political economy of policymaking in Paraguay.
In Losing Ground in the Employment Challenge (pp. 265-294). Routledge.
Toledo, H., 2013. The political economy of emiratization in the
UAE. Journal of Economic Studies, 40(1), pp.39-53.