Export to Europe

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Export to Europe
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Merchandize World Imports (2008)
Row Importers Billion US Shares Inhabitants M
1 USA 2169.5 13.2 304.7
2 Germany 1203.8 7.3 82.1
3 China 1132.5 6.9 1 325.6
4 Japan 762.6 4.6 127.7
5 France 705.6 4.3 62.0
6 United-Kingdom 632.0 3.8 61.4
7 Netherlands 573.2 3.5 16.4
8 Italy 554.9 3.4 59.9
9 Belgium 469.5 2.9 10.7
10 Republic of Korea 435.3 2.7 48.5
World World 16 422 100 6 801.6
www.wto.org
3
Merchandize World Imports (2009)
Rank   Importers Value Share Annual percentage change

1 United States 1605 12,7 -26
2 China 1006 7,9 -11
3 Germany 938 7,4 -21
4 France 560 4,4 -22
5 Japan 552 4,4 -28
6 United Kingdom 482 3,8 -24
7 Netherlands 445 3,5 -23
8 Italy 413 3,3 -27
9 Hong Kong, China 352 2,8 -10
  retained imports 91 0,7 -8
10 Belgium 352 2,8 -25
www.wto.org
World 12682 100,0 -23
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Merchandize World Exports (2008)
Row Exporters Billion US Shares Inhabitants M
1 Germany 1461.9 9.1 82.1
2 China 1428.3 8.9 1 325.6
3 USA 1287.4 8.0 304.7
4 Japan 782.0 4.9 127.7
5 Netherlands 633.0 3.9 16.4
6 France 605.4 3.8 62.0
7 Italy 538.0 3.3 59.9
8 Belgium 475.6 3.1 10.7
9 Russian Federation 471.6 2.9 141.4
10 United-Kingdom 458.6 2.9 61.4
World World 16 070 100 6 801.6
www.wto.org
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Merchandize World Exports (2009)
Rank   Exporters Value Share Annual percentage change

1 China 1202 9,6 -16
2 Germany 1126 9,0 -22
3 United States 1056 8,5 -18
4 Japan 581 4,6 -26
5 Netherlands 498 4,0 -22
6 France 485 3,9 -21
7 Italy 406 3,2 -25
8 Belgium 370 3,0 -22
9 Korea, Republic of 364 2,9 -14
10 United Kingdom 352 2,8 -23
www.wto.org
World 12490 100,0 -23
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Why promoting import?

• Y CI(X-M)
• Part of Eurozone
• Exports 2009 91 of GDP

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Which strategy to follow?

• Big countries gtlt Small countries

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GATEWAY TO EUROPE
250km 18 of EU market (GDP) 15 of
consumers 500km 60 of EU market (GDP) 38 of
consumers 750km 75 of EU market (GDP) 66 of
consumers
http//www.diplomatie.be
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GATEWAY TO EUROPE
250km 18 of EU market (GDP) 15 of
consumers 500km 60 of EU market (GDP) 38 of
consumers 750km 75 of EU market (GDP) 66 of
consumers
http//www.diplomatie.be
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CUSTOMS UNION

• Free exchange of goods, people, money and
  services
• No customs duties or taxes when moving goods or
  money within EU
• Common external tariffs

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IMPORT PROCEDURES

• Realease for free circulation
• Transit procedure
• Customs Warehousing
• Inward processing
• Temprary importation
• Entry into a free zone or warehouse
• Find more information on http//exporthelp.europa
  .eu/thdapp/taxes/show2Files.jsp?dir/requirements
  reporterId1EUfile1ehir_eu10_01v001/eu/main/ovr_
  eu_010_0612.htmreporterLabel1EUlabelOverviewo
  fImportProcedureslanguageIden

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IMPORT DUTY REGIME

• Custom Union gt same import duty all over
  European Union
• Import tariffs applied Most Favoured Nation
  tariffs to all WTO-agreement signatories
• Import tariffs applied to goods imported to the
  EU can be found in the tariff schedule TARIC
  Integrated Tariff of the European Communities
  (http//ec.europa.eu/taxation_customs/dds/tarhome_
  en.htm)

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THE PERFECT TEST MARKET

• Gateway to European market
• Successful launch on Belgian market good
  indicator of similar success on the greater
  European market
• High acceptance of foreign products
• Multi-cultural population (31 foreigners)

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OPEN ECONOMY

• No restrictions for foreigners
• No permission needed to set up a company
• 100 foreign ownership is possible
• No limitations on repatriation of capital and
  benefits
• Approximate incorporation fee (for a SA/NV) 1500
  
• Easyness to set-up a company

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START A BUSINESS
Time required to start a business (in days)

• Which legal form to choose for your company?

Branch or Rep. office Subsidiary Subsidiary
Branch or Rep. office SPRL SA
Separate legal entity NO YES YES
Minimum capital 0 19.000 62.000
Shares to bearer n/a NO YES
Registered shares n/a YES YES
Limited liability n/a YES YES
?
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FLEXIBLE CUSTOMS

• System of customs warehouses offers
  possibility to store non-EU goods free of customs
  duties, trade policy measures, VAT other taxes
  (and this for an unlimited period).
• Deferred payment of import duties and VAT, i.e.
  the payment of custom duties and VAT are put off
  until the importer releases the goods into the
  market for use in the EU.
• Network of public private bonded warehouses
  (special scheme with the Customs Department)
• Simplified procedures for declaration special
  rulings possible
• Flexible European transit system with tax
  suspension

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Well developed transport connections
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Brussels Import Agency
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1. BRUSSELS, FRONT DOOR TO EUROPE

• Brussels Import Agency is a new initiative of
  BECI (Brussels Enterprises Commerce and Industry)
  in partnership with VOKA
  
  (Kamer van Koophandel Halle-Vilvoorde) and UWE
  (Union Wallonne des Entreprises).
• The two basic missions of BIA are
• Helping companies develop their commercial
  relations and import/export projects
• Increasing the profit of our companies by
  opening their reference market (presentation of
  new clients, new suppliers, new products)

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2. SERVICES

1. Information on legislation and formalities
2. Second opinion on business plan
3. Contacts with potential client and suppliers
4. Organisation of seminars

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3. EXAMPLE

• Indian exporters to the European Union
•  
• must comply with the REACH regulation on
  chemicals, which requires the registration of
  substances imported in the EU.
• BECI can help you cope with the sometimes complex
  process of registration with the European
  Chemicals Agency (ECHA).
• Non-EU companies require a presence in the EU to
  register. This presence can be a subsidiary of
  the Indian company, an importer, or in the
  absence of both, a company-appointed Only
  Representative.
• BECI can help you select a qualified service
  provider to act as only representative.

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CONTACTS

• JEAN-PHILIPPE MERGEN
• jpm_at_beci.be
• 32 2 210 01 77
• JEAN-JACQUES WESTHOFjean-jacques.westhof_at_uwe.be
  32 10 47 19 44
• LOUIS DELCART
• louis.delcart_at_voka.be
• 32 2 255 20 20

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Direct Investments in reporting economies (2008)
Row Countries Billion US
1 USA 319,7
2 China 147,7
3 Luxembourg 118,9
4 Belgium 102,6
5 France 96,9
6 United-Kingdom 91,1
7 Russian Federation 73
8 Spain 69,8
9 Australia 48,9
10 Brazil 45
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BUSINESS CAPITAL

• European institutions
• NATO
• More than 1500 foreign companies have set-up
  European HQ or sales subsidiary in Brussels