Tariff Exemption Gives Antwerp a New Lease on Life

Select Belgian companies are increasing their local manufacturing — though many are still assessing the unpredictable situation.
A diamond cutter at work in Antwerp by Antwerp World Diamond Centre image

Antwerp’s diamond industry has encountered plenty of hurdles in the past 20 years. India outcompeted it on costs, taking more and more of the city’s share in the global manufacturing business. Banks reduced Belgian dealers’ access to credit. Covid-19 lockdowns pushed business to Dubai. And Russian sanctions made Antwerp’s mainstays rethink their…

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Tariff Exemption Gives Antwerp a New Lease on Life

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