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Belgium's food sector risks moving production abroad due to soaring costs.
Belgium’s food and drinks industry faces serious risks due to soaring costs from energy, transport, and raw materials, warns trade body Fevia.
With sales at €85.1 billion, the federation warns that high labor costs and geopolitical instability could force companies to cut investment and move production abroad.
Fevia urges the government to avoid raising VAT and lower packaging and beverage taxes to help the sector remain competitive.
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El sector alimentario de Bélgica corre el riesgo de trasladar la producción al extranjero debido al aumento vertiginoso de los costos.