Transcript Export to Europe - Brussels Metropolitan

Export to Europe
www.wto.org
Merchandize World Imports (2008)
Row
Importers
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
16 422
100%
6 801.6
World
Billion US$
Shares
Inhabitants M
Merchandize World Imports (2009)
www.wto.org
Rank
1
2
3
4
5
6
7
8
9
10
Importers
Annual
percentage
Value Share change
United States
China
Germany
France
Japan
United Kingdom
Netherlands
Italy
Hong Kong, China
retained imports
Belgium
1605
1006
938
560
552
482
445
413
352
91
352
12,7
7,9
7,4
4,4
4,4
3,8
3,5
3,3
2,8
0,7
2,8
World
12682
100,0
-26
-11
-21
-22
-28
-24
-23
-27
-10
-8
-25
-23
www.wto.org
Merchandize World Exports (2008)
Row
Exporters
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
16 070
100%
6 801.6
World
Billion US$
Shares
Inhabitants M
Merchandize World Exports (2009)
www.wto.org
Rank
1
2
3
4
5
6
7
8
9
10
World
Exporters
China
Germany
United States
Japan
Netherlands
France
Italy
Belgium
Korea, Republic of
United Kingdom
Value
1202
1126
1056
581
498
485
406
370
364
352
12490
Annual
percentage
Share change
9,6
9,0
8,5
4,6
4,0
3,9
3,2
3,0
2,9
2,8
100,0
-16
-22
-18
-26
-22
-21
-25
-22
-14
-23
-23
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
8
Spain
69,8
9
Australia
48,9
10
Brazil
73
45
Why promoting import?
• Y= C+I+(X-M)
– Part of Eurozone
– Exports 2009: 91 % of GDP
Which strategy to follow?
Big countries >< Small countries
GATEWAY
TO
EUROPE
250km:
18% of EU market (GDP)
15% of consumers
750km:
75% of EU market (GDP)
66% of consumers
http://www.diplomatie.be
500km:
60% of EU market (GDP)
38% of consumers
GATEWAY
TO
EUROPE
250km:
18% of EU market (GDP)
15% of consumers
750km:
75% of EU market (GDP)
66% of consumers
http://www.diplomatie.be
500km:
60% of EU market (GDP)
38% of consumers
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
1.
2.
3.
4.
5.
6.
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?
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

FLEXIBLE CUSTOMS
• System of ‘customs warehouses’ : offers possibility to store nonEU 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
Welcome Desk
Brussels Metropolitan
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)
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
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
[email protected]
+32 2 210 01 77
JEAN-JACQUES WESTHOF
[email protected]
+32 10 47 19 44
LOUIS DELCART
[email protected]
+32 2 255 20 20