The work of the Investment Service covers three main areas:
a) The Federal-Regional Liaison Unit for Foreign Investment:
The Liaison Unit for international investment was set up in 1995 following the conclusion of a cooperation agreement between the federal and regional governments with a view to attracting foreign investment. Its purpose is to identify any problems in this domain and come up with joint solutions to them by creating synergies between the respective Belgian governments involved in attracting investment. In addition to the three regional organisations - Flanders Investment and Trade (FIT), the Walloon Export Agency (AWEX) and the Brussels Export Agency (BEA) -, which assume the rotating presidency every six months, at federal level the FPSs Finance, Foreign Affairs and Economy are also involved. The FPS Economy’s Investment Service acts as the secretariat.
The Liaison Unit is the main point of contact for economic diplomacy.
b) Investment agreements:
Bilateral investment agreements are negotiated, mainly with OECD countries to promote and protect investments. (See the section on economic agreements)
c) The budget:
The Investment Service’s budget line “Expenditure arising from the information programme for the development of investment in foreign private capital in Belgium” serves to fund the outlay required to attract investment to our country, and especially to defray the costs of information (advertisements, brochures, editions of the Business memo, Setting up in Belgium, fact sheets containing useful details for potential investors, the Corporate Directory and other publications), to enable cooperation in the field (funds to organise investment seminars, etc.) and to promote better targeted actions on specific topics to do with improving the climate for investment.