Connect with us

Europe

Belgium Can Serve as the Gateway to Europe for India, Post Brexit: Ambassador

Published

on

With uncertainty gripping Brexit, Belgium is trying to woo India. The Ambassador of Belgium to India, Francois Delhaye said Belgium can serve as the gateway to Europe for India, post-Brexit.

At a conference ‘Invest in the gateway to Europe’, Delhaye said Brexit will definitely have a huge impact on the European Union (EU). “Many companies are hedging against what is happening and are looking at secondary locations in Europe. Belgium has a lot to offer.”

Belgium, after Germany, is the second largest partner of India among EU countries. According to the Business Line, “the total bilateral trade between the two countries is €12.6 billion, as per figures furnished by the Belgian Government. Exports from Belgium to India represent €7.9 billion and India to Belgium is close to €4.7 billion.”

Moreover, there are 175 Belgian companies in India, over 1,500 interacting with India, and about 80 Indian companies are located in Belgium. Customs Attache Babette Desfossez said doing business in Belgium was easy. “One needs to come to Belgium only once to open a bank account. The rest can be done by representation. This is complemented by fiscal policy such as double tax avoidance regime and tax incentives for research, development and innovation.”

India and Belgium’s export activities are driven by pharmaceuticals, diamond trade, automation industry and chemical industry etc.

Other News at EurAsian Times

Advertisement
Advertisement

Facebook

FEATURED

Russia-China Russia-China
Featured25 mins ago

How Russia Assisted China To Surpass Itself As The Second-Most Powerful Air Force In The World?

Unlike how the entire world was dominated by an outpour of defence equipment in the form of fighter jets, tanks,...

Japan-Russia Japan-Russia
Asia Pacific3 hours ago

Russia, Japan Tensions Set To Explode; Moscow To Deploy S-300 Missiles In The Disputed Kuril Islands

Another round of discord may erupt between Russia and Japan over the long-disputed Kuril islands (known in Japan as the...

Pakistan-FDI-china Pakistan-FDI-china
Americas5 hours ago

Pakistan, China ‘Seriously Concerned’ After India Signs Geospatial Pact With The United States

With BECA (Basic Exchange and Cooperation Agreement) India received a massive boost to access American capabilities including geospatial intelligence for...

TURKEY TURKEY
Featured6 hours ago

Turkey Aghast As French Magazine Charlie Hebdo Publishes ‘Loathsome Caricature’ Of Erdogan

Turkey has denounced French weekly magazine Charlie Hebdo for publishing “loathsome so-called caricatures” purportedly of President Recep Tayyip Erdogan. “Charlie...

Putin-Macron Putin-Macron
Americas15 hours ago

From Rafale Jets To Airbus – How Will Turkey, Qatar & Egypt Manage To Boycott France?

French President Emmanuel Macron has gone all-out in his attempt to defend the controversial cartoons of the Prophet Mohammed, which...

US-ELECTIONS-20202-TRUMP-BIDEN US-ELECTIONS-20202-TRUMP-BIDEN
Americas16 hours ago

Why US Media Is Again Underestimating Donald Trump & Ignoring His Master-Strokes?

Many analysts also fear that Joe Biden could reverse Donald Trump's policies of going tough on China and Iran while...

putin-russia putin-russia
Featured18 hours ago

French Dassault Fighter Jets Intercepted By Russian Su-27 Over The Black Sea

The Russian Defense Ministry’s National Center for Defense Management has said that Russian Air Force’s Su-27 intercepted several French attack...

ISRAEL-UAE ISRAEL-UAE
Featured19 hours ago

UAE Attempts To Woo Indonesia As It Normalizes Ties With Israel

In a historic visit, a delegation of UAE’ senior officials visited Israel for the first time, after the peace treaty,...

F-22-RAPTOR F-22-RAPTOR
Featured21 hours ago

Not Happy With F-35 Jets, Israel Looks To Acquire The Ultimate Dogfighter – F-22 Raptors From The US

Nowhere did Israel President Benjamin Netanyahu see that the historical normalisation “Abraham Accord” it has signed with the United Arab...

Russia-China Russia-China
Asia Pacific1 day ago

Russia Equips Chinese Special Forces With Latest Helicopters As It Battles India In The Eastern Ladakh

With a military stand-off that enters its sixth month not soon from now, neighbours India and China have entered an...

Advertisement