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Export to Europe

Export to Europe. Merchandize World Imports (2008). www.wto.org. Merchandize World Imports (2009). www.wto.org. Merchandize World Exports (2008). www.wto.org. Merchandize World Exports (2009). www.wto.org. Direct Investments in reporting economies (2008). Why promoting import?.

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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 Imports (2009) www.wto.org

  4. Merchandize World Exports (2008) www.wto.org

  5. Merchandize World Exports (2009) www.wto.org

  6. Direct Investments in reporting economies (2008)

  7. Why promoting import? • Y= C+I+(X-M) • Part of Eurozone • Exports 2009: 91 % of GDP

  8. Which strategy to follow? Big countries >< Small countries

  9. 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

  10. 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

  11. 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

  12. 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

  13. 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)

  14. 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)

  15. 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

  16. 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. Welcome DeskBrussels Metropolitan

  20. 1. BRUSSELS, FRONT DOOR TO EUROPE The “Welcome Desk” is a initiative of Brussels Metropolitan (www.brusselsmetropolitan.eu) The two basic missions of the Welcome Desk 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 JEAN-JACQUES WESTHOFjean-jacques.westhof@uwe.be+32 10 47 19 44 LOUIS DELCART louis.delcart@voka.be +32 2 255 20 20

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