Flanders Funding & Commerce, the official authorities physique for the Flanders area, has revealed that queries about post-Brexit customs formalities and UK export and import formalities are nonetheless the highest three subjects of enquiries they’ve obtained from companies to this point in 2022.
The UK authorities lately introduced one other delay to post-Brexit checks on EU meals imports, with the brand new customs measures now set to be launched on the finish of 2023.
Astrid Geeraerts, Head of Funding at Flanders Funding & Commerce (FIT) mentioned, “Whereas many companies on each side of the Channel are actually recovering from the preliminary affect of Brexit, there’s nonetheless widespread confusion about post-Brexit customs laws which are persevering with to trigger a headache for exporters and importers alike.
“Flanders Funding and Commerce welcomes the UK authorities’s transfer to delay the deliberate extra customs measures that have been resulting from come into impact from 1st July. With the disaster in Ukraine and the continued affect of the pandemic on the worldwide financial system, a versatile strategy is required to make sure companies within the UK and the EU can commerce with out additional customs confusion to navigate.”
Flanders Funding & Commerce has been actively supporting UK companies navigate the numerous challenges that Brexit has introduced to exporters to the EU over the previous two years. Assist is freed from cost and consists of webinars and on-line assets, in addition to entry to its consultants who can introduce companies to related banks, potential enterprise companions and help with authorized questions.
Flanders represents a financially engaging single entry path to exporting to the EU, due to the area’s inexpensive actual property costs, absence of enterprise charges, quick setup, wonderful transport connections and its number of grants and subsidies.
In January 2022, Flanders introduced report ranges of funding from UK corporations within the area. There was a 63.33% improve in British corporations investing in Flanders in 2021 vs 2020, the fourth consecutive annual improve. Many UK companies have chosen to arrange a base within the area as a strategic single-entry level to export to different EU international locations, resulting from Flanders’ wonderful transport connections and site within the coronary heart of Europe’s business and industrial centres.
Flanders Funding & Commerce’s full-year commerce figures for 2021 revealed that UK exports to Flanders are exhibiting robust indicators of restoration after their preliminary post-Brexit decline. Whereas UK exports to Flanders initially slumped by 15.8% in 2020 following the UK’s departure from the EU, UK exports to the area elevated by a major 18% in 2021.
Flanders outperformed the typical for world EU exports (+18.93%) in 2021, exporting €380.5 billion value of products globally in 2021. This showcases Flanders as a powerhouse for commerce and highlights the onward worldwide export alternatives Flanders presents as a buying and selling companion for UK companies.
Dirk Verlee, Financial and Industrial Counsellor at Flanders Funding & Commerce (FIT) added, “We’re proud that so many UK companies are efficiently exporting to clients in Flanders and Europe following Brexit. By supporting UK companies in getting into the EU by way of Flanders, we’re not solely supporting the native financial system in Flanders, however we’re additionally serving to join UK companies with enlargement alternatives within the EU and all over the world.”
This week (9-12 Could) sees HRH Princess Astrid and a ministerial delegation lead the Belgian Financial Mission to the UK. With greater than 400 individuals, 214 corporations and organisations and 4 days of actions, the mission can be one of many largest ever organised by Belgium and is an illustration of the continued dedication to commerce relations between the 2 international locations.