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beral Trade Unions; Federation of Belgian Industries; numerous other associations representing bankers, manufacturers, middle-class artisans, and the legal and medical professions; various organizations represent the cultural interests of Flanders and Wallonia; various peace groups such as Pax Christi and groups representing immigrants International organization participation: ACCT, AfDB, AsDB, Australia Group, Benelux, BIS, CE, CERN, EAPC, EBRD, EIB, EMU, ESA, EU, FAO, G- 9, G-10, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, ISO, ITU, MIGA, MONUC, NATO, NEA, NSG, OAS (observer), OECD, ONUB, OPCW, OSCE, Paris Club, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIK, UNMOGIP, UNRWA, UNTSO, UPU, WADB (nonregional), WCL, WCO, WEU, WHO, WIPO, WMO, WTO, ZC Diplomatic representation in the US: chief of mission: Ambassador Franciskus VAN DAELE chancery: 3330 Garfield Street NW, Washington, DC 20008 telephone: [1] (202) 333-6900 FAX: [1] (202) 333-3079 consulate(s) general: Atlanta, Los Angeles, and New York Diplomatic representation from the US: chief of mission: Ambassador Tom C. KOROLOGOS embassy: Regentlaan 27 Boulevard du Regent, B-1000 Brussels mailing address: PSC 82, Box 002, APO AE 09710 telephone: [32] (2) 508-2111 FAX: [32] (2) 511-2725 Flag description: three equal vertical bands of black (hoist side), yellow, and red; the design was based on the flag of France Economy Belgium Economy - overview: This modern private enterprise economy has capitalized on its central geographic location, highly developed transport network, and diversified industrial and commercial base. Industry is concentrated mainly in the populous Flemish area in the north. With few natural resources, Belgium must import substantial quantities of raw materials and export a large volume of manufactures, making its economy unusually dependent on the state of world markets. Roughly three-quarters of its trade is with other EU countries. Public debt is nearly 100% of GDP. On the positive side, the government has succeeded in balancing its budget, and income distribution is relatively equal. Belgium began circulating the euro currency in January 2002. Economic growth in 2001-03 dropped sharply because of the global economic slowdown, with moderate recovery in 2004. GDP (purchasing power parity)
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