July 2, 2022

Taylor Daily Press

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America's largest foreign investor in Belgium

America’s largest foreign investor in Belgium

Belgium is attractive to foreign investors led by US multinationals. This is evident from the adviser EY’s annual barometer, which comes out on the day the unions take action in the public sector.

You could say that with the fuss about the American multinational 3M And dangerous statements about Higher wage costs Not much can be expected in Belgium, but Belgium remains the country with the highest amount of foreign direct investment (Foreign direct investmentOr FDI).

The EY counter for 2021 is coming to 245 projects, which is 8 percent more than a year ago and is decently ranked sixth in the European rankings. Leading players in that rankings are France, one of the countries significantly larger than Belgium.

“The growth of FDI projects reflects a strong increase in the activity of foreign investors in Belgium. The consultants added that 6,968 new jobs will be created through 245 projects.

Above America

Encouragingly, the majority (80 percent) are investments in a completely new project, not expansion investments. Traditionally, foreign interest has been focused mainly on four areas: logistics, business services, information technology and medicine.

“Logistics has always been a pillar of Belgium’s appeal to the LTI, and this is reinforced by the general tendency for companies to re-enter and re-approach companies that want to better protect their supply chain from global disruptions,” said EY Belgium partner Tristan Tond.

After a surprising decline in 2020, the United States will resume its role as the most important foreign investor for our country (46 projects), while China is falling sharply, especially in Wallonia.

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However, US-Belgian economic relations were severely affected by the scandal surrounding the 3M factory in Zwijndrecht. 3M is one of the few American multinationals operating in our country for decades. Although announced, most U.S. investments are for Flanders Google A great investment in Walonia.

It is also worth noting that the United Kingdom is in second place (37 projects) despite Brexit. The secession between Great Britain and the European Union did not lead to the removal of British companies from Belgium as their European base.

There is a full report Here Find out.

(N.S.)