Export to Europe

Merchandize World Imports (2008)
www.wto.org

Merchandize World Exports (2008)
www.wto.org

Whypromoting import?
Y= C+I+(X-M)
Part of Eurozone
Exports 2008: 91 % of GDP

Which strategy to follow?
Big countries >< Small countries

Gateway to Europe
250km:
18% of EU market (GDP)
15% of consumers
500km:
38% of consumers
750km:
66% of consumers
http://www.diplomatie.be

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

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&reporterId1=EU&file1=ehir_eu10_01v001/eu/main/ovr_eu_010_0612.htm&reporterLabel1=EU&label=Overview+of+Import+Procedures&languageId=en

Import duty regime
Custom Union => 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)

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)

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

START A BUSINESS
Time required to start a business (in days)
Which legal form to choose for your company?


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

Well developed transport connections

Brussels Import Agency

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).
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)

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

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.

Contacts
Jean-Philippe Mergen
jpm@beci.be
+32 2 210 01 77
Louis Delcart
louis.delcart@voka.be
+32 2 255 20 20

Direct Investments in reporting economies (2008)

BUSINESS CAPITAL
European institutions
NATO
More than 1500 foreigncompanies have set-upEuropean HQ or sales subsidiary in Brussels

Export to Europe

by BLBA BLBA on May 09, 2011

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Export to Europe — Presentation Transcript