Belgium languishes at the bottom of Uncle Sam's wish list.

Sunday Business (London, England) | April 28, 2002 | Copyright

COMPETITION between governments in north-western Europe to attract American companies has intensified with the arrival of the euro. Belgium, a long-time beneficiary of American direct investment (USDI), is now losing out to neighbours, hampered by its high tax regime and uncertain political climate.

A study by the American Chamber of Commerce in Belgium last week showed that American investment in the country is declining relative to its European Union rivals.

Baudouin Velge, chief economist of the Belgian employers organisation, said: Belgium is becoming ...

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