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Business term

Jake
Jake Right
Asked on April 13, 2016
What is this term in business "bien elu" or something like that? When I was trying to find its meaning, was with no result, but for sure heard of it. Thank you.
in Other United States of America United States of America

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  • Neil Careman
    Neil Careman
    Neil Careman
    Answered on April 13, 2016
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    What you talk about is "Benelux", business is only a part of it. The Benelux Union (Dutch: Benelux Unie; French: Union Benelux) is a politico-economic union of three neighbouring states in central-western Europe: Belgium, the Netherlands, and Luxembourg. The name—Benelux—is formed from joining the first two or three letters of each country's name—Belgium Netherlands Luxembourg—and was first used to name the customs agreement that initiated the union (signed in 1944). It is now used more generally to refer to the geographic, economic and cultural grouping of the three countries. In 1951, these countries joined West Germany, France, and Italy to form the European Coal and Steel Community, a predecessor of the European Economic Community (EEC) and today's European Union (EU). The main institutions of the Union are the Committee of Ministers, the Benelux Parliament, the Council of the Union and the Secretariat-General, while the Benelux Organization for Intellectual Property and the Benelux Court of Justice cover the same territory but are not part of the Union. The Benelux Secretariat-General is located in Brussels. It is the central administrative pillar of the Benelux Union. It handles the secretariat of the Committee of Ministers, the Council of Economic Union and the various committees and working parties. Moreover, it ensures the registry of the Benelux Court of Justice. Welcome.

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