Transcript Belgian-Hungarian bilateral economic relations

Bilateral trade and investment relations
between Hungary and Belgium
Information seminar and bilateral Chamber meeting
Hungarian Development Center - Brussels, 23 May 2013
Tamás Jakab
Embassy of Hungary
Belgium, Luxembourg
AGENDA
• Belgian economy
• Belgian-Hungarian business relations
• Services of HITA
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Belgium at a glance
Area:
Population:
Capital:
Distance from Bp:
Currency:
Political system:
Prime Minister
Head of State:
Per capita GDP:
Official languages:
Nationality:
30.528 km2
11 million
Brussels
1358 km
Euro (since 2002)
federal state, constitutional
parliamentary monarchy
Elio Di Rupo (PS), six-party
coalition government
King Albert II
34 000 EUR (119% of EU average)
Dutch, French and German
Flemish (58%), Valloon (32%)
10,2% population of foreign origin (main countries of
origin: Italy, France, the Netherlands, Morocco, Poland,
Spain)
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Belgium: A small, open eurozone economy
Main macroeconomic figures ( 1992-2013, Annual percentage change)
92-08
2009
2010
2011
2012
2013
GDP
2.1
-2.8
2.4
1,8
-0.2
0.0
Export
4.5
-11.1
9.6
5.5
0.4
0.8
Import
4.4
-10.6
8.9
5.6
-0.1
0.2
Inflation
2.1
0.0
2.3
3.4
2.6
1.3
Unemployment rate
8.3
7.9
8.3
7.2
7.6
8.0
General gov. deficit*
-2.1
-5.6
-3.8
-3.7
-3.9
-2.9
109.9
95.7
95.5
97.8
99.6
101.4
4.2
0.7
3.0
1.0
0.9
1.4
General gov. debt*
Current account balance*
Source: European Commission Spring Forecast 2013
(*) as a percentage of GDP
Sectoral breakdown of GDP - 2011
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The Belgian trade performance
Evolution of export of goods and services
(constant prices, 2000=100%)
Main trading partners of BE (in % of total)
Exports
2000
2012
TOTAL
100
100
EU27 INTRA
79.7
69.8
EU 27 EXTRA
20.3
30.2
GERMANY
17.5
17.4
FRANCE
18.3
15.6
THE NETHERLANDS
12.9
12.5
UNITED KINGDOM
10.4
7.0
US
6.0
5.9
Largest emerging markets*
4.7
8.6
Imports
2000
100
70.8
29.2
16.4
12.7
17.5
8.6
7.5
5.9
2012
100
68.1
31.9
14.1
10.5
20.8
5.3
6.3
10.1
*China, Brazil, Russia, India, Mexico, Indonesia&Turkey
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BE export performance: close to the euro area average (if DE was left out from the equation)
Product specialization in intermediate goods shows tight integration in international supply
chains
Strong orientation towards the slow growing EU market (appr. 60% of total exports is going to
the euro area) has contributed to Belgium’s loss in market share
However:
The share of exports going to the largest emerging markets has almost doubled
BE is still the among the world’s leading export countries in terms of export/capita
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Composition of BE trade in goods (2012)
Breakdown by export and import sectors
Prepared
foodstuffes and
beverages,
tobacco
5%
Belgian export (347.8 bn EUR)
Other
17%
Pearls, precious
metals
8%
Plastics and
rubber articles
8%
Articles of base
metals
9%
Chemical
products
17%
Mineral
products
14%
Machines,
appliances
11%
Vehicles,
aircraft, vessels
11%
Belgian import (340.6 bn EUR)
Plastics and
rubber articles
5%
Other
22%
Pearls, precious
metals
7%
Articles of base
metals
Vehicles,
8%
aircraft, vessels
11%
Mineral
products
21%
Machines ,
appliances
13%
Chemical
products
13%
Product specialization in intermediate goods shows
tight integration in international supply chains
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Orientation of Belgian trade in services
Composition of BE services balance (1995-2011)
Source: European Commission - 2013
 Growing external service surplus
 Only 22% of total exports were services in 2012
 Transportation (maritime freight services) and business services (consultancy,
legal advice, R&D, architecture, marketing, etc.) account for almost 2/3 of all
service export by Belgium
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Belgian cities – in a nutshell
Brussels – world-class lobby center:
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Along with Washington DC highest number of
diplomats in the world, 1750 international
organizations, 500 conferences per year
30% of the residents are non-Belgians
European HQ for 1300 foreign/multinational
companies (GM, Siemens, Loreal, Coca-Cola,
Huawei, IBM, Sony IT, Toyota, Microsoft,
Beiersdorf, etc.)
Strong reprentation in the financial sector, health
care, ICT cluster, biotechnology
2nd biggest inland port in BE
Liège – logistic and industrial centre
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Antwerp – port, diamonds, fashion:
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Most densely populated city in BE
2nd largest port in Europe (175 million tons of
goods/year, 260 000 jobs
One of the biggest petrochemical cluster in the
world (BASF, Exxon, Evonik, etc.)
Diamond capital
Plenty of famous fashion designers
2nd most important BE city for conferences
Ghent – biotechnology, history
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Biggest student city, home to a large number
of spin-offs: ICT, biotechnology (FlandersBio)
Crucial role for the local industry: steel
(ArcelorMittal), paper (Stora Enso) and
automobile (Volvo) activities
Port of Ghent: „short sea shipping” of niche
products, runs 100% on biomass
The largest city in Wallonia
Important logistical hub in Europe
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Leading BE inland port, 3r inland port in Europe,
ongoing multimodal development (Trilogiport)
Excellent research centres (GIGA), mechanical
Plus: Kortrijk (textile, agro-food), Charleroi (mechanincal
engineering, material processing and
and transport industries, Namur (regional capital and
aeronautical companies
business center), Leuven (nanotechnology, Genk
(automotive, logistics)
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Belgian-Hungarian
bilateral economic relations
Key Belgian economic sectors: biotechnology, pharmaceuticals, automotive sector,
agro-food sector, ICT, aerospace, transport and logistics, environmental technologies
BE is the 15th largest export market of Hungary: 1,67 billion EUR export volume
in 2012 (0,6% increase)
More than 75% of the trade volume was realized with Flanders
Belgian trade with some CEE countries (billion EUR)
2011
2012
Change
Poland
8.7
8.5
-2.4%
Czech Republic
5.8
5.7
-0.6%
Hungary
2.8
2.8
0.6%
Slovakia
1.7
1.8
6.5%
Romania
1.7
1.7
0.1%
Bulgaria
1.5
1.3
-14.5%
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Belgian-Hungarian
bilateral economic relations
Sectorial breakdown of bilateral trade between HU and BE
Product category
Export
share
Product category
Import
share
Machines and appliances
43.3%
Chemicals
40.4%
Transport equipments
11.5%
Machines and appliances
19.5%
Chemical products
7.4%
Plastics, rubber
10.6%
Plastics, rubber
6.1%
Transport equipments
5.7%
Foodstuffes, beverages, tobacco
5.4%
Articles of base metals
4.4%
Optical, medical instruments
5.3%
Foodstuffes, beverages, tobacco
3.1%
Total share in exports from HU
79,0%
Total share in imports to HU
83.6%
Belgian-Hungarian
bilateral economic relations
FDI stock by country of origin - 2012
In terms of stock FDI BE ranked as the 7-8. biggest
investor in Hungary in the last decade
Belgian firms (or BE based multinationals) has
invested 1,7 billion EUR , this contributed to the
incorporation of 300 companies, creating
10-15 000 jobs
Key players: KBC Group (K&H Bank), Electrabel
(Dunamenti Hőerőmű); InBev (Borsodi Sörgyár),
Schréder (Tungsram – outdoor lighting), Atenor
(Váci Greens – real estate development); GSK
(vaccine plant in Gödöllő), Samsonite (plastic
suitcases), Carmeuse (lime products), CFE
(construction – Aréna Plaza, Gresham Palace)
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Practical informations
Europe’s logistic centre: extremely dense road and rail network, 60% of Europe’s purchasing
power is directy accessible within a radius of 500 km from Brussels
 Europe’s decision centre: diplomatic corps, lobbi agencies, EU/NATO, HQs for international
organizations and 1300 multinational companies, 500 conferences a year
 Cosmopolitan country: ideal test market at the crossroads of the Latin and German cultures
 Preferred languages: English (Flanders), French/English (Vallonia, Brussels), German (Eupen)
 Updated countryspecific information package at www.hita.hu (updated twice a year)
 Direct contact: [email protected], (requests usually handled within 1-2 days, advice for potential
business partners (on the basis of own/federal commercial databases)
 Local chambers/business organizations: VOKA (Flanders) www.voka.be, UWE (Wallonia)
www.uwe.be, BECI (Brussels-Capital Region) www.beci.be, UNIZO – www.unizo.be, FEB –
www.vbo-feb.be, SPI (Liège) www.spi.be, AGORIA (technology industry) www.agoria.be
 Useful multilingual company information webpage: www.trendstop.be
 Belgian laws are published at www.moniteur.be
 Budapest Offices of Belgian agencies in charge of promoting foreign trade and investment:
- FIT Agency (tel: 202-6402, e-mail: [email protected], web: www.fitagency.be )
- AWEX ( tel: 266-8621, e-mail: [email protected], web: www.awex.be)
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Business opportunities in Belgium
Target sectors: chemical, pharmaceutical products/medical instruments, machines and
appliances, electronical equipment, ICT, logistics
Trade fairs, international exhibitions in Belgium – an efficient way for strengthening the
position in export markets
Useful links: www.exhibitons.be, www.brusselsexpo.be; comprehensive global
database from the Association of German Trade Fair Industry - www.auma.de
Few examples:
Transport equipments:
Logistics:
Construction:
Agriculture, forestry:
Food industry:
Consumer goods:
ICT:
Tourism:
www.busworld.org, (18/10/13 – Kortrijk), www.transtechnica.be (May 2014 Brussels),
www.mobicar.be
www.breakbulk.com, (May 2014 Antwerpen) www.easyfairs.com (Transport and
Logistics 2013 – 15/10/13 Antwerp)
www.batibouw.be, (February 2014 – Brussels) www.cebeo.be
www.artsmenagers.be (01/11/13 – Charleroi), www.foiredelibramont.com (26/07/2013 –
Libramont)
www.salonalimentation.be (05/10/13 – Brussels) www.horecalife.be (17/11/13 – Ghent)
www.accenta.be (14/09/2013 – Ghent)
www.infosecurity.be (26/03/2014 – Brussels)
www.salondesvacances.eu (06/02/14 – Brussels)
IKT, mérnöki szolgáltatások, építészet, vízgazdálkodás – „tudás” export
Építőipar, vendéglátás – munkaerő migráció = szolgáltatás export
Gent = szolgáltatás központ, Antwerpen = logisztikai központ, Brüsszel = politikai központ
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Introducing HITA
Founded by the Hungarian Government to implement foreign economic
strategy (operating since January 2011)
Central organisation subordinated directly to the Prime Minister’s Office
Main tasks are: Investment Promotion and Trade Development
150 employees, mainly consultants on sectorial basis
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MAIN TASKS OF HITA
Promote and facilitate foreign investments
 Offer one-stop shop services for the clients
 Promotion of government incentives
 Operative guidance throught the implementation phase
 Help to get licences, real estate, consultants, etc.
Trade development
 Encourage Hungarian SMEs to expand their activities on
international level
Internationalization
 Capital export, facilitate joint ventures, international technical
cooperation
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Investment Promotion
Pre-decision
 Tailored information
packages on the
economy, industrial
sectors, incentives,
business environment,
supplier network
 Assistance in location
search and evaluation
 Organisation of site
visits and partner
meetings
Implementation
 Supplier search
 Supplying information
on permitting
procedures
 Assistance in
applications for VIP
incentives
Operations
 Expansion assistance
 After care services
 Intermediary body
between the
government and the
companies
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Thanks for your attention!
Tamás Jakab
Economic Counsellor
Embassy of Hungary
Avenue du vert Chasseur 44, 1180 Brussels
Phone: +32-2-343-5044
Fax: +32-2-344-5415
E-mail: [email protected] or [email protected]
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