Economic Cooperation

From the onset of diplomatic ties in 1992, Belgium has been one of Belarus's leading economic partners in the EU.

Since 2022, trade in goods and services between Belarus and Belgium, previously valued at several hundred million euros, has shown a steady decline. Due to the introduction of EU restrictive measures that violate international law and the widespread Belgian practice of interpreting them broadly, supplies of a number of Belarusian goods (wood products, metal products, fertilizers, polished diamonds, etc.) that were in demand by the Belgian economy and contributed to its competitiveness have ceased.

In recent years, due to EU sanctions, Belgium's role as a supplier of investment goods, including chemicals, metal products, and various types of equipment, has also significantly diminished in Belarus. The niches vacated by Belgian companies are being actively exploited by suppliers from other countries, as well as Belarusian enterprises.

At the current stage, economic cooperation with Belgium is limited. In addition to direct sanctions restrictions, trade cooperation is also hampered by barriers in supply logistics and payments.

At the initiative of the Belgian side, cooperation between the Belarusian Chamber of Commerce and Industry, the Federation of Belgian Chambers of Commerce, and regional Belgian chambers of commerce and industry has been suspended.