Flavio Maluf Says The United Kingdom’s Exit From The European Union Is Creating Opportunities For Brazil

The world went into a state of shock in June 2016. That’s when the U.K. decided to exit the European Union. No one was sure what would happen to the U.K. or to the European Union after this monumental vote on segs.com. But it’s clear now. Brexit is not having the economic impact on the U.K. that many people predicted. Before the referendum was passed, many economists predicted a bleak outcome for the U.K., but that forecast hasn’t materialized. Britain’s economy grew by more than expected during the last three months of 2016. The Gross Domestic Product rate increased by 0.7 percent, thanks in part to the manufacturing sector at http://maringa.odiario.com/economia/2016/12/conheca-com-flavio-maluf-algumas-dicas-para-nao-perder-a-produtividade-no-trabalho/2299424/. But business investment fell by one percent during the fourth quarter of 2016.

The good news for countries like Brazil is, Britain is trying to boost trade with non-European Union countries and Brazil is one of them, according to Brazilian entrepreneur, Flavio Maluf. Maluf is the president of Eucatex, one of Brazil’s leading export companies. Eucatex manufacturers building supply materials and sells them globally. According to Maluf, the U.K. has bilateral trade agreements with Brazil in place right now. Those agreements amount to more than £5.1 billion, but the British government is not happy with the high taxes they pay Brazil. Brazil’s new president is trying to cut through the red tape and change the tax code, so Brazil can increase the amount of business it does with the U.K., according to Maluf on LinkedIn.

Flavio Maluf is used to cutting through red tape in Brazil. Eucatex is one of Brazil’s shining stars when it comes to instigating environmentally friendly practices in the manufacturing sector of the economy. Eucatex is also a good example of what a startup can do when they sell products that consumers like. Maluf’s grandfather started the company in the state of Sao Paulo in the 1950s, and the company only had one product to offer consumers. That product was a eucalyptus wood ceiling tile, and it was a game changer. By the early 1960s, Eucatex was shipping wood ceiling tiles to Argentina, and to Europe. Today, Eucatex is one of the largest, and most environmentally friendly building material supply companies in the industry.