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Export to Europe

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  • 1. Export to Europe
  • 2. Merchandize World Imports (2008)
    www.wto.org
  • 3. Merchandize World Exports (2008)
    www.wto.org
  • 4. Whypromoting import?
    Y= C+I+(X-M)
    Part of Eurozone
    Exports 2008: 91 % of GDP
  • 5. Which strategy to follow?
    Big countries >< Small countries
  • 6. 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
  • 7. 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
  • 8. 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
  • 9. 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)
  • 10. 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)
  • 11. OPEN ECONOMY
    • No restrictions for foreigners
    • 12. No permission needed to set up a company
    • 13. 100% foreign ownership is possible
    • 14. No limitations on repatriation of capital and benefits
    • 15. Approximate incorporation fee (for a SA/NV): 1500 €
    • 16. 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?

  • 17. 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
  • 18. Well developed transport connections
  • 19. Brussels Import Agency
  • 20. 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)
  • 21. 2. SERVICES
    Information on legislation and formalities
    Second opinion on business plan
    Contacts with potential client and suppliers
    Organisation of seminars
  • 22. 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.
  • 23. Contacts
    Jean-Philippe Mergen
    jpm@beci.be
    +32 2 210 01 77
    Louis Delcart
    louis.delcart@voka.be
    +32 2 255 20 20
  • 24. Direct Investments in reporting economies (2008)
  • 25. BUSINESS CAPITAL
    European institutions
    NATO
    More than 1500 foreigncompanies have set-upEuropean HQ or sales subsidiary in Brussels