The following showcased nations aren't just destinations, they are our esteemed partners. Discover the essence of economic collaboration through concise yet impactful insights, offering a unique lens into the pivotal relationships shaping global trade and investment.
Why USA :
Global economic giant, making it a crucial player in international trade and investment
Strategic partner for many countries in various sectors, such as trade, investment, security, and diplomacy.
Key driver of the digital transformation, with a leading role in developing and deploying new technologies
Essential contributor to addressing global challenges
Challenges :
Housing crisis, with rising prices, low supply, and high demand
Decline of privacy, with increasing surveillance, data breaches, and cyberattacks
Regulatory burden that hamper innovation and competitiveness
Challenge of climate change
Why Germany :
Second in the world in the 2022 Bloomberg Innovation Index
Global leader in innovation and technology
Strong export-oriented economy and manufacturing prowers
High export quota, which reflects its openness and integration in the global economy
Challenges :
Digitalization and automation could disrupt its labor market and industrial base
Demographic change could reduce labor force and increase its social spending
Globalization and exposition to external shocks and competition
Phase out coal, increase its renewable energy sources, and promote green finance
Why France :
One of the largest markets in Europe, and access to the European single market
39 universities in the top 1000 of the 2022 World University Rankings
Innovative business leaders, and a high-quality transportation infrastructure
Leader in technology and innovation, with a strong R&D sector, a vibrant startup ecosystem
Challenges :
Severe recession and increased public debt in France
Energy market disruption has led to higher energy prices and supply risks
Competitiveness and productivity gap limiting potential growth and innovation
Social and territorial inequalities, which affect France’s cohesion and stability
Why Belgium :
Ranked 12th in the world in the 2022 SJR - International Science Ranking
Strong public investment which enhances the productivity and resilience of the economy.
Diversified and industrialized economy, with competitive sectors such as services, biotechnology, transportation, and exports
Multilingual and skilled workforce, with a high level of education and proficiency in French, Dutch, German, and English
Challenges :
Global competition and digital disruption
Low workforce participation rate
Unbalanced public finances pose a risk to fiscal sustainability and credibility
High inflation eroding the purchasing power of households and businesses
Why The Netherlands :
Fourth in the world in the 2022 Global Innovation Index
Highest English proficiency in the world, with nine out of every ten people speaking English as a second language
Netherlands is home to the International Court of Justice
Sixth in the world in the 2022 Global Competitiveness Report
Challenges :
Urgency of the transition to net zero
Aging-related fiscal pressures
Pervasive labor shortages
Supporting and up skilling of the workforce
Why Switzerland :
Switzerland has the second highest per capita GDP in the world
First in the world in the 2022 Global Innovation Index
Second in the world in the 2022 Global Competitiveness Report
Third in the world in the 2022 Human Development Index
Challenges :
The geopolitical tensions and elevated uncertainty
Reduced trade and investment
Digital revolution
Tax haven stereotype
Why United Arab Emirates :
One of the highest per capita GDP in the world
Tax-free environment, with no income tax or corporate tax for most businesses
World’s first government ministry for artificial intelligence
Seventh-largest proven reserves of both crude oil and natural gas in the world
Challenges :
Decline in oil output resulting from OPEC-agreed production cuts
Dependence on oil revenues
Diversification and innovation gap
Environmental challenges