The Brexit Vote Is Not Changing Britain’s Reliance On Imports as Flavio Maluf Informs

Economists are busy tracking what’s going on with the United Kingdom’s economy. The pre-Brexit economic prediction at was not good if Britain voted to leave the EU. But those predictions never materialized, or they only partially materialized. The only economic category that is causing concern is inflation. The inflation rate was 2.3 percent at the end of 2016, and it continues to show signs of upward movement. But the retail sector is good, and the stock market is still in good shape. The export business is holding its own, thanks to a weak pound sterling. But Britain must form new bilateral trade agreements going forward, according to Brazilian businessman, Flavio Maluf.

Flavio Maluf is a well-known entrepreneur in Brazil. His company, Eucatex, is one of Brazil’s building material manufacturers. The Maluf family has been in the building material manufacturing business for more than 60 years. Flavio grandfather is the man who created the eucalyptus wood ceiling tile. Wood ceiling tiles became a hit in Brazil in the 1950s, and by the end of that decade, Eucatex was shipping ceiling tiles to other countries in South America and to countries in Europe. Flavio knew he would run the company someday, but he went to the United States, and he attended NYU before he accepted a position with the company. In 1997, Flavio became president. Eucatex is now an international company and a strong proponent of environmental issues on

Brazil needs U.K. technology and services, according to Flavio Maluf. Brazil is in a crippling recession, but the country is also experiencing a surge in the middle class. Brazil needs more imports, and Maluf thinks a bilateral agreement with the Brits will help the Brazilian economy. Michel Temer, Brazil’s new president, wants to sign a trade agreement with the U.K., and Flavio Maluf is expected to announce his progress after Article 50 is executed on March 29, 2017. Article 50 is the agreement that officially breaks ties between the European Union and the United Kingdom. But it will take another two years or more before the exit from the EU is complete, so it is unclear when a new trade agreement between Brazil and the U.K. will begin.