Britain’s Exit from The European Union May Be Good News For Brazil if Flavio Maluf is to Be Believed

Article 50 is the formal document that will confirm Britain’s exit from the European Union. Theresa May, the prime minister of the U.K., is officially putting article 50 in motion at the end of March 2017. Several things will happen once that article becomes official, but some things won’t change. The U.K. will still play a role in the EU, but that role will be small, according to the British government at The U.K. is dealing with the Brexit decision better than economists said it would. Inflation is up, but unemployment is down. Exporters are happy thanks to a weak pound. But consumers are cautious even though interest rates are lower than they have been in three years.

The U.K. government knows it needs to cultivate new trade agreements, and Brazil is one country the Brits like to business with, even though Brazilian red tape is always an issue. According to Brazilian entrepreneur, Flavio Maluf, Brazil wants to do more business with Britain. In fact, Brazil wants to sign a new trade agreement with the U.K. within the next 12 months.

Brazil also wants to sign a new trade agreement with South Korea, and the United States, according to Maluf. Maluf’s company, Eucatex, has a strong presence in the United States. Eucatex building materials are sold in home improvement stores across the United States, and Eucatex has an office in the U.S. The Eucatex story started when Flavio’s grandfather, put a eucalyptus wood ceiling tile together in the 1950s. Maluf’s grandfather owned a sawmill, and there was excess wood lying around the mill. The wood ceiling tiles were a hit in the domestic market on By the early 1960s, the company was shipping tiles to Argentina and Europe. Today, Eucatex is one of Brazil’s largest exporters of building materials.

Flavio Maluf has been the president of Eucatex since 1997. Maluf wants to do more business in the U.K. because Germany is one of the company’s best customers at Once the Brits and the Brazilians agree and cut the red tape and the taxes that impede profitable exporting and importing, both countries will benefit from the relationship.

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