Since the terror threat in Brussels, leading to the subsequent lock-down which then inspired Mr Trump to dub the city a ‘hellhole’, not to mention last week’s EU reform negotiations and the tabloid media storm that ensued: It’s fair to say that Belgium and Brussels has had it’s fair share of attention this winter, and it’s been all but rosy. We’ll be setting all that straight this week though as Glenn, our CEO, tells us it’s really not all that bad.
Belgium is a valuable market and an attractive place to invest, and do business. With only 11 million people it’s roughly equal with China as a market for British exports and an ideal launch pad to the rest of the EU.
The security emergency at the end of 2015 gave us all a reminder that there are real threats to the prosperity and security that most Europeans take as normal. Even Belgium is not immune. That’s why I have been keen to work with our friends at AmCham Belgium and the Belgium Japan Association to make sure that business in our own countries, and worldwide, are well informed about the situation here. Tomorrow, we’ll published an open letter, with the support of 13 other national chambers of commerce in Belgium, highlighting the continued attractiveness of Belgium.
The importance of business between Belgium and Britain is no flash in the pan. The British Chamber of Commerce in Belgium was founded here in 1898 and bilateral business continues to grow. To see that, you only have to look at the successful British and Belgian companies (large and small) recognised in our Golden Bridge Export Awards in recent times.
British investment, and that of the wider international business community, makes a big contribution to jobs and prosperity. With their many nationalities, the British Chamber’s member companies are a great representation of that international business community, directly employing more than 120,000 people here.
While we all want and expect emerging economies to become more important trading partners in the future, Europe will continue to be hugely important to Britain for a very long time. To illustrate the point, Belgium recently jumped back above China (if only temporarily) as Britain’s 6th largest export market.
Since just Belgium on its own is so important to the UK, it’s no surprise that a clear majority of our members worry that leaving the EU would be bad for the British economy. Our job here in Brussels is to provide a platform that ensures our members understand the debate and its implications, and can plan how they will respond.
We’re planning an active programme of events over the period up to the referendum and plenty of opportunities for members to share their views with, and learn from, their peers.
Keep an eye out this week for a full press release!