Belgium is offering four days to renew its economic relations with the United Kingdom

The mission comes at a time when economic relations between Belgium and the United Kingdom are in decline as a result of the Covid-19 pandemic, which has stifled the global economy as blockades have developed and supply chains have been disrupted. Brexit, synonymous with the new rules that companies have to adapt to, is also suffering from economic relations.

In addition, the Russian invasion of Ukraine dealt another blow to the global economy while strengthening ties between the Western Allies. According to the Federal Foreign Trade Agency, Belgian exports to the United Kingdom fell by 7% last year compared to 2020.

Nevertheless, the British region is still a leading partner for Belgium, while in 2021, the year of the Covid-19 recovery, the United Kingdom was the fifth Belgian customer (€ 26 billion exported Belgian goods) and its eighth suppliers (€ 15.5 billion imported). British goods). Belgium was the UK’s seventh partner (4.6% of UK exports) and Shakespeare’s sixth supplier (4.9% of UK imports).

Elliot Frost

"Pop culture maven. Analyst. Writer. Wannabe food evangelist. Organizer. Friendly internet lover. Incurable troublemaker. Entrepreneur."

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