The Repercussions of British Withdrawal from EU

The departure of the United Kingdom from EU resulted in grave consequences to the British economy, such as fall in stocks and devaluation of the British currency. Flavio Maluf, an accomplished finance specialist, predicted that this exit would result in global economic changes. These changes include

 

Changes to the British economy

 

Based on the 2014 European Union reports, the United Kingdom spent more than it received and this is what prompted its exit from EU. According to Maluf, this decision by the UK will result in decreased investments. This exit will also pose challenges to the free transit of people and goods across member countries.

 

Consequences for foreign trade in Europe

 

Members of the EU are afforded customs union that allows affordable tariffs on products. The exit of the bloc threatens theses duties, and the United Kingdom will charge new rates. However, specialist Otto Nogami claims that this exit may also prove beneficial since the UK will now be able to sign fresh bilateral agreements.

 

Effects of UK’s exit to Brazilian exports and imports

 

Brazil is likely to benefit since it will be eligible to enter into bilateral agreements with other European nations. This country will also benefit from reduced rates although the extent of this advantage is limited based on the reports by New York University senior manager.

 

Consequences on the European Union

 

Some members of the European Union will be affected by this exit. One of the countries that have begun demonstrating economic fatigue is France. Maluf added that it is hard to predict what will happen to the union as well as the member countries.

 

A closer look at Flavio Maluf’s role at Eucatex Group

 

Flavio Maluf is the current M.D. of Eucatex Group. Maluf is a native of Brazil and a graduate of FAAP where he did his mechanical engineering course. Maluf initiated his career at Eucatex Group in 1987 and rose above ranks to become the chairman of the company.

Under Maluf’s insightful management, Eucatex Group has been able to launch branches across Brazil as well as expand its business to more than 37 countries across the globe. In 2010, he facilitated the opening of the Industrial Plant in Salto. Eucatex Group is responsible for the production of Thin High- Density and Medium Density Fiberboards.

 

 

 

 

 

How Brexit is expected to Affect Trade across Europe

Britain’s departure from the EU has sent massive shockwaves across the business world. Not only is the UK a dominant market force to reckon with, but the sudden exodus has inadvertently caused a considerable fall in the stock markets across Europe. At such a staggering loss of 12%, one can only wonder what’s next for what was once the prosperous European Union. To put it in a much clearer context, Flavio Maluf has offered his professional opinions as follows:

 

  • Consequences of Britain’s Economic Implosion

 

Based on accurate statistics released in 2014 by the EU, the UK spent a staggering 11.3 billion pounds to the Union compared to the previous figure of 6.9 billion pounds. With such an increment, inflammation was widely considered to be a ticking time bomb which ultimately blew up with grave consequences. According to Maluf, Britain’s exodus from the EU will undeniably dent any chances of foreign investment into the country.

 

  • Impact of Foreign Trade between Europe and the U.K

 

One of the perks of being a member of the EU is the unlimited provision of a customs union. Such a statute essentially allows free trade in the absence of additional quotas or tariffs on the products of member states. With the departure, the UK will immediately enforce new rates compared to previous charges levied in the trade bloc with the potential of causing a tremendous effect on future business transactions.

 

  • How Brazilian Imports and Exports Will Be Affected

 

With Brexit, Brazil has emerged as a front-runner to reap immense benefits with Britain courtesy of bilateral agreements lying ahead, which were previously hindered by complex EU standards based on specified rates and type of products. However, Maluf insists that such benefits are only limited since the two nations have yet to strengthen business relationships. Currently, the UK accounts for only 2% of annual exports from Brazil. https://br.linkedin.com/in/flavio-maluf-172147b3

 

Flavio Maluf in Brief

 

Flavio Maluf has become synonymous with Eucatex especially after steering the company to unprecedented heights since 1997. As president, Maluf has gone above and beyond to build the company on the principles of excellence and innovation.

 

Eucatex specializes in the production of acoustical ceilings and soft wood fiber sheets as well as venturing into acoustic and insulating plates. While at the helm, the company has launched several industrial plants in Brazil to boost economic prosperity.