Last week, the citizens of the United Kingdom voted by a slim margin to leave the European Union, although there was clear disparity in the voice of the UK’s various regions. While there is no precedence for what will happen next, everyone is in agreement that there will be high levels of uncertainty as to Britain’s future, particularly in relationship to the EU. While the UK will technically remain a member of the EU for at least two years following the instigation of Article 50 discussions – the equivalent of a divorce settlement – they will obviously have a significantly reduced voice during this period. What exactly does this mean for business?
This is the question which must now be at the forefront of the agenda for any company which currently does business in Europe, or which has aspirations to do so. For Canadian companies, the most immediate concern is that the UK will no longer be party to the Comprehensive Economic & Trade Agreement (CETA) which Canada negotiated with the EU, and which is expected to be ratified in early 2017. Canadian companies must therefore reconsider their position with respect to the UK; while the latter has traditionally been the logical choice for Canadian companies, given a common language and similar legal structure, Canadians will now have to question whether these commonalities will be reason enough to trump the upcoming challenges in the business relationship between the UK and the world’s largest single market.
If the answer to the above question is “no”, then alternatives must be sought. In this context, Belgium becomes an even more attractive destination for Canadian businesses looking to invest and/or expand their operations into Europe. What makes Belgium such an attractive option?

To learn more about why Belgium is your perfect solution to the challenges posed by Brexit, check out our Business with Belgium Trade and Investment Seminar series!
What are you waiting for? It’s time for you to also say #Yes2Belgium!

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