Princess Astrid of Belgium will lead an economic mission to the Republic of Korea in June on behalf of her older brother, King Philippe.
The mission will be organised by the Agency for Foreign Trade, of which King Philippe is the Honorary President, and the Ministry of Foreign Affairs. Flanders Investment & Trade, the Agence Wallonne à l’Exportation et aux Investissements Etrangers, and the Brussels Invest & Export will collaborate.
Princess Astrid will travel with federal and regional ministers, and from 10-17 June, will discuss bilateral business in several sectors, including CT, medical devices, food, automotive, heavy industry, and luxury lifestyle goods, as explained on the Agency for Foreign Trade’s official website.
Belgium was the European Union’s seventh-largest exporter to South Korea in 2015, per an economic report produced for the economic mission by the Foreign Trade Agency.
The total export of goods from the European Union to South Korea was €47.8 billion. Total imports from South Korea to the EU was €42.4 billion, with Belgium receiving 4.6% of the goods.
Economic trade missions usually last between four and eight days, and there is also an official panel and an economic-commercial panel.
Business-to-Business events, seminars, networking opportunities, business agreements (ratified in the presence of Princess Astrid), and visits to Belgian companies in the host country make up an economic mission.
Princess Astrid will travel to the Ivory Coast from 15-20 October on another economic mission, details of which will be announced later.
Princess Astrid has undertaken several economic missions in the past on behalf of King Philippe, particularly since his ascension to the throne in 2013.
Before her intercession, King Philippe travelled around the world – to Saudi Arabia, the United States, Canada, China, and Brazil, to name a few – since 1993, when he took over the post from his father, King Albert II.
Since 2013, Princess Astrid has led economic missions to Angola, South Africa, India, Colombia, Peru, Malaysia, Singapore, Canada, Qatar, and the United Arab Emirates.