Indian Industry

Country Profile

Belgium
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Belgium is one of the founding member of european union and nato with a total population of 10,392,226. The country is dissipated on an area of 30,528 square kilometers. Belgium is working under the political framework of parliamentary democracy and constitutional monarchy. Here the total labor force is around 5.03 million characterized as one of the largest trading nation, belgium exports automobiles, food products, textile, plastic, finished diamonds, petroleum products and non-ferrous metals. It records GDP at $442.8 billion mark. 3% industrial production growth rate is measured in the sectors of chemical, textile, glass, petroleum, transportation, food & beverages, basic metals and engineering.

Snapshot

Official Name - Kingdom of Belgium (BE)
Capital City - Brussels
Type of Government - Constitutional monarchy
Currency - Euro (EUR)
Fiscal Year - Calendar year
Official Language(s) - Dutch, French, German
Local Time - GMT + 01:00 (Standard Time)
- GMT + 02:00 (Summer Time)
International Dialling Code - +32
Internet Domain - .be
Major Cities - Antwerp, Ghent, Charleroi, Liège
Major Industries - Services, Agriculture, Chemicals, Engineering, Metal Products, Car Manufacturing, Iron and Steel, Textiles and Food.
Major Trading Partners - EU (esp. Germany, France, Netherlands, UK), USA
Double Taxation Treaty with India - YES




Economic Overview
  • Mainly governed by heavy industries.
  • Imports raw materials and exports the final manufactured products.
  • Public debt is almost 100% of the GDP.
  • It relies on European trade partners' economical situation.
  • The biotechnology sector is fast developing.
  • Service industry accounts 71.8% of the GDP.
International Trade
Major Export Items
Machinery and Equipment, Chemicals, Diamonds, Metals and Metal Products, Foodstuffs and Live Animals, Road Vehicles, Petroleum Products, Iron and Steel, Coal.

Main Destinations of Exports
Germany, France, Netherlands, United Kingdom, United States, Italy.

Major Import Items
Fuels, Chemical Products, Grains, Foodstuffs, Pharmaceuticals, Machinery and Equipment, Transportation Equipment, Oil Products.

Main Origins of Imports
Germany, Netherlands, France, United Kingdom, Ireland, United States.

Contacts of Trade Ministries/ Associations

The Antwerp Chamber of Commerce & Industry The Antwerp Chamber of Commerce & Industry Belgian Trade Commission
Antwerp Office:
Markgravestraat 12
B-2000 Antwerpen, Belgium
Tel.: +(32)-(3)-2322219
Fax: +(32)-(3)-2336442

Waasland Office:
Kleine Laan 28
9100 Sint-Niklaas, Belgium
Tel.: +(32)-(3)-7763464
Fax: +(32)-(3)-7777434
E-mail: info@kknaw.be
Website: www.kkna.be

Avenue Materne, 115
5100 Namur - BELGIUM
RC Namur: 76175
E-mail: sfo@belgiantrade.org
Website: www.belgiantrade.org

Belgian Office and Stationary Trade Association (BOSTA) World Customs Organization Directorate General Trade of the European Commission
Bruyndonckxstraat 31
B-1780 Wemmel
Tel.: +(32)-(2)-4606212
Fax: +(32)-(2)-3959153
Website: www.bosta.org

World Customs Organization
30, Rue du Marché,
B-1210 Brussels (Belgium)
Tel.: +(32)-(2)-2099211
Fax: +(32)-(2)-2099292
E-mail: information@wcoomd.org
Website: www.wcoomd.org

Unit Trade A.2.
Information European Commission
200, Rue de la Loi (CHAR 7/116)
B-1049 Brussels, Belgium
Tel.: +(32)-(2)-2952888
Fax: +(32)-(2)-2969854
Website: www.europa.eu.int/


Business Visa Rules
Business Visitor Visas are called "Schengen Visas." The following categories are issued Schengen Visas and it is usually valied for 90 days within a given 180-day period:
  • For the one who visits for attending business meetings or discussions.
  • For the one who visits to attend sales calls to potential client over there provided that the employee represents a commercial entity outside of Belgium.
  • For the one who visits to attend seminars or "fact-finding" meetings.
The basic requirements to obtain business visa are as given below:
  • The applicant must have a residence and employer outside of Belgium and must be traveling to Belgium for a limited and pre-set time period;
  • An invitation letter that should be signed by the Belgian entity, which the Visitor will be visiting. It should state the type of business relations between the host company in Belgium and the business overseas.
  • The applicant must not receive compensation from any source within Belgium. However, incidental costs like accommodation, travel, and meals may be paid by the host.
  • The applicant must provide proof of sufficient funds (such as cash or credit cards) along with a confirmed, round-trip airline ticket;
  • The applicant must provide evidence that health/medical insurance will be provided by the employee's home company;
  • The applicant must have proof of adequate funds to defray expenditure. The period of intended stay must be consistent with the intended purpose of the trip.
Business Hours
8.30 am to 5.30 pm - Offices (Monday to Friday with 30-60 minutes for lunch)
9.00 am to 3.30 pm - 5.00 pm - Banks (Monday to Friday)
9.00 am to 6.00 pm - Shops (Monday to Saturday and until 9.00 pm on Fridays)

Public holidays

Festival Date Detail
The New Year's Day Jan. 1st 1 day holiday
The Spring Festival Normally in Jan or Feb 4 days holiday
The International Women Day Mar. 8th 1/2 day holiday for women only
The Labor Day May 1st 3 days holiday
The Chinese Youths' Day May 4th 1 day or 1/2 day off for young people
The International Children's Day Jun. 1st 1 day or 1/2 day off for school children
The Birthday of the CCP Jul. 1st CCP members usually celebrated through meetings
The Birthday of the People's Liberation Army Aug. 1st Celebrated by the army
The National Day Oct. 1st 3 days holiday
belgium


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