Brazil Is The U.K.s Largest Trading Partner In Latin America As Flavio Maluf Tells All
Before the Brexit vote, the U.K. was doing more than £1,5 billion in trade with Brazil. Brazil wasn’t sure what would happen with their export business with the U.K. after the Brexit vote because many economists were predicting a gloomy economic forecast for Britain. There are signs that Brexit’s uncertainty has hurt the investment sector of the country. Investments in the U.K. fell by one percent at the end of 2016. The pound sterling fell on the foreign exchange market after the Brexit vote, but that helped British exporters on economia.estadao.com.br. But British tourists are feeling the effect of a weaker pound. But the good news is Britain’s Gross Domestic Product growth rate will grow by two percent in 2017 at https://br.linkedin.com/in/flavio-maluf-172147b3.
Even though Britain’s exit from the European Union is still in the works, Britain is trying to solidify its trade agreements with non-European Union countries. One of those countries is Brazil, according to Brazilian entrepreneur, Flavio Maluf. Flavio Maluf is the CEO of the hugely successful building material manufacturer, Eucatex. Eucatex is based in the state of Sao Paulo. Brazil is the U.K’.s largest trading partner in Latin American, and the Brits want to increase the amount of goods they receive from Brazil. But the high tax rate in Brazil is making a new trade agreement hard to solidify, according to Flavio Maluf. Brazilian President Michel Temer is trying to make his country easier to do business with, but the internal red tape is hard to eliminate.
Brazilian businessmen like Flavio Maluf know what it’s like doing business with the Brazilian government. Maluf managed to build a successful business in spite of government regulations. Eucatex is one of the leaders in the building material manufacturing industry. Eucatex produces paint, varnish, floorboards, ceiling tiles and other products, and exports them to home improvement stores and to commercial builders around the world. For the last 20 years, Flavio Maluf has been a shining star in Brazil’s export industry on segs.com. Maluf is looking forward to doing more business with the U.K., once some of the business hurdles are overcome. The Brits want more Brazilian building materials, and Maluf is ready to give them what they want.