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Belgium steel industry fears dumping of cheap foreign imports

BRUSSELS: Steel bosses and unions have called on Brussels to protect the industry from the dumping of cheap foreign imports, which threaten thousands of jobs. Steelmakers urged the European Commission to intervene as new data showed the sector’s recovery in the UK stuttered in 2014. According to the latest figures from UK Steel, a division of EEF, the manufacturers’ organisation, ... Read More »

Euro zone consumer prices plunge by alarming 0.6% in Jan

BRUSSELS: Euro zone consumer prices plunged by an alarming 0.6% in January due to falling oil prices, accelerating further into negative territory and confirming deflation could be settling-in for the long term, EU data showed. It follows a decision by the European Central Bank last week to launch a €1.14 trillion bond-buying spree to drive up inflation in the euro zone. ... Read More »

European Shipping Week greets more keynote speakers and panelists

BRUSSELS: Adam Goldstein, President and COO of Royal Caribbean Cruises, Pierfrancesco Vago, Chairman of CLIA Europe and Executive Chairman of MSC Cruises, and Paolo Tonon, Vice-President and Head of Maersk Technology join an impressive list of key industry shipping personnel and EU regulators at European Shipping Week in Brussels 2-6 March, reported European Shipping Week. Mr Goldstein and Mr Tonon ... Read More »

Belgium Antwerp port handles 199m tons shipment, surge 4.3% in 2014

BELGIUM: The Belgium port of Antwerp handled 199m tons of shipment in 2014, 4.3% increases compared to 2013. The 5.9% increase in containers to 108.3m tonnes amounted to a 4.7% increase in teu, to 8.9m teu handled throughout the year. The increase was driven by a 5.9% growth in container volumes and a 5.6% improvement in liquid bulk, despite a ... Read More »

IMO’s Simone Leyers in Brussles to attend ship recycling workshop

BRUSSELS: IMO’s Simone Leyers reached Brussels, Belgium to provide an update on implementation of IMO’s Hong Kong Ship Recycling Convention to participants at the European Community Shipowners’ Associations (ECSA) Technical Workshop on Ship Recycling. The workshop hosted by ECSA with participation from the EU Commission, EU Member States, Recycling States (India and Bangladesh) and shipowners. Ms Leyers provided an update ... Read More »

UK’s M&G Investment launches in Belgium market, plans to raise €2b of assets till 2018

BRUSSELS: M&G Investments has launched into the Belgian market and planned to raise €2 billion of assets under management in the next three years in Belgium and Luxembourg. The UK firm is targeting private and retail banks, platforms and independent financial advisers. M&G has appointed a dedicated sales manager for Belgium and Luxembourg, Kelly Hebert, and registered 34 mutual funds ... Read More »

64 year drug smuggler sent to jail for 8 years in Belgium

BRUSSELS:  A drug runner who used a specially adapted Porsche to smuggle drugs worth millions of pounds into the UK has been jailed for eight years. 64 year-old Johan De Craemer, from Bruges in Belgium was stopped by Border Force officers at Dover as he arrived on a ferry from Calais on the 20th January 2014. He claimed to be ... Read More »

Customs’ contribution to security against violent extremism, WCO delivers several security tools

BRUSSELS:  Violent extremism continues to be a major concern for the international community. Violent extremism and terrorism are increasingly global in nature and frequently have cross-border implications. Customs, which has the prime responsibility for controlling cross-border movements of goods, means of transport and people, plays an important role in the deterrence of border related security threats. The WCO’s landmark security ... Read More »

CBM focused on global customs, trade facilitations, cross border trade in 2015: WCO

BRUSSELS: For the year 2015, issues of coordinated border management (CBM) will be the focus of global customs administrations following the need to ensure an improved trade facilitation which is a crucial aspect of customs operations involving cross border trade between countries, the World Customs Organisation (WCO), has said. It is hoped that the choice of the global customs 2015 ... Read More »

ICC Secretary, TFC Chairperson visit WCO headquarter

BRUSSELS:  Mr. John Danilovich, who took up the post of Secretary General of the International Chamber of Commerce (ICC) six months ago, visited WCO Headquarters on 6 January 2015 to meet with Secretary General Kunio Mikuriya. He was accompanied by the ICC Customs and Trade Facilitation Commission Chairperson, Mr. Norman Schenk. Both parties acknowledged the excellent relationship between the two ... Read More »

Accused Scottish drug smuggler pays €10,000 for bail to Belgium Customs

BRUSSELS: A Tayside (Scotland) accused of being a member of an international drug smuggling gang gave Belgian authorities a €10,000 bail payment to return home for Christmas. Raymond Urquhart, from Perth, was extradited out of Scotland in October to face charges of transporting cocaine and MDMA (ecstasy) across international borders. But it has emerged that lorry driver Urquhart who secured ... Read More »

Belgium Port Antwerp witnesses 4.2% increase in trade

BRUSSELS: Port of Antwerp in Belgium increased 4.2 percent more in comparison with 2013. Port of Antwerp had handled around 198.8 million tons of freight by the end of the 2014. The previous record dates from 2013, when the freight volume came to 190.8 million tones. The record growth was driven by container handling (up 5.6%) and liquid bulk (up ... Read More »

Belgium Port of Antwerp handles 198.8 million tonnes of freight in 2014

BELGIUM: Belgium port of Antwerp has expected to handle a total of 198.8 million tonnes of freight by the end of this year. That’s an increase of 4.2% in comparison with 2013 and a new record for the port, the company said in its press release here the other day. The previous record dates from 2013, when the freight volume ... Read More »

Customs union endorses new “Customs fraud” agreement

BERLIN: COREPER, the EU’s Permanent Representatives Committee, has approved an agreement with the European Union aimed at cracking down on customs fraud. The agreement proposes a series of updates to the current rules on the anti-fraud system. The objective is to enhance supply chain security at EU and national levels. In turn, this should better protect the financial interests of ... Read More »

Belgium, Germany, France and Netherlands shrink wage gap to 2.9%

BRUSSELS: The wage gap between Belgium and its three biggest neighbours, Germany, France and the Netherlands has been reduced to 2.9 percent in the past two years. The following two years 2013–2014 saw a 25 percent drop to 2.9 percent, it turns out. The improvement is due to the fact that wages in for example Germany saw a faster increase ... Read More »

Antwerp Port aims to increase barge transport share to 42% by 2030

Brussels: The port of Antwerp aims to increase the share of barge transport in the modal mix from the present 36% to 42% by 2030. Barge transport plays a crucial role in maintaining sustainable links with the hinterland and underpinning the logistics goods flow. Not surprisingly, therefore, Antwerp Port Authority has for some years played a pioneering role to streamline ... Read More »

EU to entend tax ruling reforms to all member states

BRUSSELS: The Commission said that it will now ask all member states to provide information about their tax ruling practices. Member states will be asked to confirm whether they provide tax rulings and, if they do, to provide a list of all companies that have received a tax ruling from 2010 to 2013. EU competition Commissioner Margrethe Vestager said: “We ... Read More »

Belgium: Fortum Co pays EUR 38m taxes in 3 years

BRUSSELS: The authorities audited Fortum’s financing companies in Belgium and Holland for 2008 – 2011. For these years, Fortum has paid approximately EUR 38 million in taxes to Belgium and EUR 16 million to Holland on interest income in accordance with the local tax regulations. Fortum has received from the Finnish Tax Administration a non-taxation decision regarding activities in the ... Read More »

Belgium Customs seizes seven tonnes of tobacco   

BRUSSELS: Belgium Customs has grasped 6.93 tonnes of tobacco at the Purfleet port shipping to UK. Border Force officers use hi-tech search equipment to combat immigration crime and detect banned and restricted goods that smugglers attempt to bring into the country. The smuggling attempt proved successful it would have cost the Treasury approximately £1.77m in unpaid duty. Mark Kennedy, Border ... Read More »

Belgium shows interest in Morocco port infrastructure development

BRUSSELS: Belgium has been interested for years in the development of the business climate in Morocco. Morocco is a “hub for Africa”, he said, adding that Belgium is willing to put its expertise at the disposal of Moroccan operators. This was stated by Ambassador during a meeting with Minister of Equipment, Transports and Logistics Aziz Rabbah on the occasion of ... Read More »