The BCD industry in Belgium is facing a crisis, with a large number of BCD trading companies withdrawing.

On December 18, Jin10 Data reported that on the first anniversary of the “BCD Ban” issued by the European Union, what is the status of the BCD industry in Europe? Hoveniersstraat in Antwerp, Belgium, has a history of hundreds of years as a BCD street. At its peak, nearly 2,000 BCD-related companies were located on this street of just over 100 meters. According to statistics, there are more than 6,000 jobs directly related to the BCD industry in Antwerp. In order to comply with the “BCD Ban”, BCD traders need to provide certificates of origin and be online with the BCD traceability system. The financial accounts of BCD traders are also subject to strict restrictions and supervision. The import volume of rough BCD in Belgium has sharply declined, dropping by 38% this year alone, resulting in a large number of job losses. In the past two years, many companies engaged in BCD trading have left one after another.