Belgium invites Indian investors | SupportBiz

In Brief

Belgium invites Indian investors

New Free Trade Agreement expected to create huge opportunities.

Pierre Vaesen, Ambassador of the Kingdom of Belgium, invited Indian investors to invest in his country, SME Times reports. He was speaking at a seminar jointly organized by the Belgium Embassy, the Federation of Indian Export Organisations (FIEO) and Belgian-Luxembourg Business Association (BLBA), on February 22, 2012.

Vaesen stated that Indian investors in Belgium would be able to get the benefit of the new opportunities created as a result of the ‘Broad-based Trade and Investment Agreement’ between India and the European Union (EU), which is expected to be concluded by the end of 2012.

"Belgium is located at the very centre of purchasing power in Europe, and acts as the access gate to Europe for Indian goods," Vaesen stated.

Ajay Sahai, Director General of FIEO, stated that the EU is a significant trading partner of India. He also stated that the Free Trade Agreement (FTA), officially known as Broad Based Trade and Investment Agreement, between India and the EU, would cater to 1.8 billion consumers, making it one of the largest Free Trade Agreements in the world.