TABLE OF CONTENTS:
                                                                 Page

I. COMMERCIAL OVERVIEW                                            1

II. LEADING TRADE PROSPECTS FOR U.S. BUSINESS                     3
      A. Industrial and service sectors
      B. Agricultural sectors
      C. Other possibilities

III. ECONOMIC TRENDS AND OUTLOOK                                  6
      -Macroeconomic outlook
      -Budgetary problems
      -Global plan
      -Monetary policy
      -Privatization
      -Labor force
      -Trade and investment barriers

IV. POLITICAL ENVIRONMENT                                        15
      -Overview
      -U.S./Belgian relations

V. MARKETING U.S. PRODUCTS AND SERVICES                          17
      -Entering the market
      -Watching for pitfalls
      -Getting help
      -Using a regional approach
      -Franchising
      -Distribution and coordination centers
      -Setting up an office
      -Protecting your product from IPR infringement
      -Advertising and trade promotion

VI. TRADE REGULATIONS AND STANDARDS
      A. Introduction                                            24
         -Effects of the single market
         -Customs valuation
         -Import and export licenses and quotas
         -Value added tax
         -Bonded warehouses
      B. Documentation required for U.S. exports to Belgium      26
         -Summary
         -Shipping documents
         -Consular/customs invoices
         -Commercial invoice
         -Pro-forma invoice
         -Bills of lading
         -Packing list
         -Certificate of origin
         -Insurance certificate
         -Steamship company certificate
         -Import license
         -U.S. shippers export declaration
         -Consular fees
         -Export controls
      C. Packaging and labeling in Belgium                       29
         -Summary
         -What language to use
         -Marking and other requirements
         -Belgium's ecotaxes
         -European Union requirements
         -Recycling, packaging, and waste management
         -Electronic waste
         -Eco-labels
         -The CE mark in the European Union
         -Contact information
      D. Standards in Belgium and the EU                         34
         -The importance of ISO 9000 in selling to Europe
         -Product and technical standards
         -Contacts

 VII. INVESTMENT CLIMATE                                         36
      1. Openness to Foreign Investment
      2. Transfer Policies
      3. Expropriation
      4. Compensation/Dispute Settlement
      5. Investment Incentives and Performance Requirements
      6. Right to Private Property and Establishment
      7. Protection of Property Rights
      8. Regulatory System: Laws and Procedures
      9. Efficient Capital Markets and Portfolio Investment
     10. Political Violence
     11. Bilateral Investment Agreements
     12. OPIC and Other Investment Insurance Programs
     13. Labor
     14. Foreign Trade Zones/Free Ports
     15. Capital Outflow Policy
     16. Foreign Direct Investment Statistics

VIII. TRADE AND PROJECT FINANCING                                49
      -Key banks in Belgium

  IX. BUSINESS TRAVEL                                            54
      -List of Belgian holidays - 1995

APPENDICES:
A.  COUNTRY DATA                                                 56
B1. BEST PROSPECTS FOR U.S. INDUSTRY AND SERVICES                59
B2. BEST PROSPECTS FOR U.S. AGRICULTURE                          79
C.  U.S. AND COUNTRY CONTACTS                                    84
D.  MARKET RESEARCH                                              92
E.  TRADE EVENTS                                                 95