Patricia

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Patricia Ceysens

Flemish Minister of Economy, Entrepreneurship,
Science, Innovation en Foreign Trade
Brussels - 27 January 2009
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Year of the ox

• Careful planning and hard work
• Steady savings and financial stability

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June 2007
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Globalisation

• Interconnectedness

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G-20 summit April 2009
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Economic growth in 2008/2009

• Powerful growth in 2007
• World 5
• EU 2,6
• BE 2,8
• FL 3
• Growth suspension in 2009
• Prognosis Belgian economy -0,6 (NB), -1,9 (EC)
• Prognosis world economy 3,9

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Crisis

• Wei ji (danger and opportunity)

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Opportunity

• Innovation driven economy

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The three stage model of economic development
Michael Porter World Economic Forum

Translated to Flanders by the Vlerick
Management School, prof. Sleuwaegen
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The three stage model of Porter
STAGE 3 INNOVATION-DRIVEN ECONOMY
STAGE 2 EFFICIENCY-DRIVEN ECONOMY

• Entrepreneurship
• Innovation
• Internationalisation

STAGE 1 FACTOR-DRIVEN ECONOMY

• Higher education and training
• Efficient product -and services market
• Efficient labour market
• Sophisticated (reliable)financial markets
• Curiosity for technology
• International awareness

• Basic institutions
• Physical infrastructure
• Macro economic stability
• Health and basic schooling

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The stage model China
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Government agencies simplification

Enterpreneurship
Innovation
Internationalisation

AGENTSCHAP ONDERNEMEN
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Attract foreign investments

• Unique notional interest deduction for companies
  and branches on their equity
• The lowest effective European tax rate on
  revenues from patent income
• Partial exemption of payroll taxes for R D
  personnel
• Special expat taxation regime
• Ruling practice

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On four indicators for innovation and industrial
development, Belgium is by far the best
performing country in the world. OECD Study
2006

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• 5 technology attachés

Beijing Environment/energy Tokyo Biotech/nanot
ech New Delhi ICT New York Biotech Los
Angeles ICT
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Increase export

Flanders share in export
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The three challenges for Flemish export

• Too little internationalisation of SMEs
• Only 8 exports

2. Too little knowledge intensive export and
knowledge intensive investments Only 8
high tech export 3. Too little export outside
the EU-27 Only 5,7 exports to BRIC
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1. SMEs more international entrepreneurship
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2. More high tech export

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Composition of Flanders export

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3. Export to growth countries

• EU - 25 75
• VS - Canada 7
• China 8,6
• Others 9,4

Geographical dispersal of Flemish export
Diversification to growth economies necessary
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2009 double FIT network in the BRIC
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2010
Better city, better life
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• Best practices

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What do champagne corks and tires worldwide
have in common?
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They are manufactured with steel-wire made by
Bekaert, world leader in both segments of the
market.

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What do U2 and the airport of Bejing have
in common?
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They both use monitors made by Barco.

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What do a Chinese mobile phone and robots on
the planet Mars have in common?
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The basic materials of a mobile phone battery
are a product made by Umicore, as also are the
solar cells of the robots on Mars.

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What do the dont drink and drive
campaign in Shanghai and Stella Artois have in
common?
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Both are made by Inbev, the international
brewery in Leuven.

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• What do the runway of Sydney airport and
  Disneyland Hong Kong have in common ?

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• They are situated on land created by
• Deme, an international renowned
• dredging company.

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• What do a new supermarket in Saint Petersburg
  and the port of Shanghai have in common?

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• They both work with Ahlers,
• logistic and maritime services, they
• have their headquarter in Antwerp.

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• What do the football players of Anderlecht and
  the Queen Elisabeth competition have in common?

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• They have the same sponsor,
• Fortis.

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• What do a Polish business man and a family in
  Shanghai have in common?

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• Their money can be managed by
• KBC banking, KBC banking has both
• in Poland and Shanghai
• establishments.

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What do South-Korea and Flanders have in
common?
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• They are worldwide leaders in television.
  South-Korea is leader in mobile television and
  Flanders is leader in interactive digital
  television.

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What do work clothes in Suzhou (China) and a
parachute in Greenville (US) have in common?
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• Both are made through weaving machines of the
  Picanol Group from Ieper, the Picanol group has
  also establishments in Suhzou and Greenville.

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What do The Peoples Daily, one of Chinas
largest newspapers and De Standaard, a Flemish
newspaper have in common?
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• They are both printed by Agfa Graphics seated in
  Mortsel, Agfa has also printing plate factories
  in Wuxi (near Shangai).

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• What do al the companies behind this best
  practices have in common?

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• They are all founding members of the
  Flanders-China Chamber of Commerce.

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• patricia.ceysens_at_vlaanderen.be