The Start of the Commitment
The Netherlands is a small independent European nation located on the North Sea. It was often called Holland after a historic region which is now a part of the modern nation. From an early economy based on fishing and commerce, the western areas of the Netherlands later developed shipbuilding, diamond cutting and other industries which manufacture cocoa, chocolate, gin and liqueurs. The latter comes from raw materials provided by overseas areas. The Industrial Revolution did not begin on a large scale until the development of Limburg coalfields in the late 19th century. The 1930 Depression and the remnants of World War II left the nation impoverished. However, recovery and expansion of trade and industry proceeded rapidly after 1950 through closer economic ties with the Benelux Economic Union named after the three nations involved - Belgium, the Netherlands and Luxembourg. The European Community (EC) contributed to the growth as well. Except for natural gas, the Netherlands imports industrial raw materials. As a result, the major port complexes of Rotterdam and Amsterdam were utilized in order to promote major industrial regions. The leading manufactures are processed foods, metal and engineering products, electrical and electronic machinery and equipment, chemicals, petroleum products and natural gas. Dutch agriculture became increasingly more intensive and specialized after the shift to imported grains during the 1870s. The leading exports are butter and cheese which include varieties named after the Dutch communities of Gouda and Edam. Tulips and other flower bulbs, tomatoes, cucumbers and lettuce play a vital part in the agriculture of the Netherlands as well. In most years, exports slightly exceed imports in value. Majority of the Netherlands' trade is with other EC members - especially with Germany - and the United States. In fact, its relationship with the latter dates back from the American Revolution. The Netherlands was the first European Country to grant the United States the so-called diplomatic recognition. These two countries joined NATO in 1949 and became allies in the Korean and Gulf Wars. They also stood together in peacemaking efforts in Yugoslavia, Iraq and Afghanistan. Major Imports and Exports between the Two Nations Exports of the Netherlands contributing on a large scale in world economy include petroleum products and natural gas, chemical products, machinery and transportation equipment and foodstuffs. Imports, on the other hand, are comprised of crude, petroleum, machinery, chemical products and foodstuffs. Its trade relations with the United States is overwhelming, making the latter the third largest foreign investor in the Netherlands while the Netherlands ranks fourth among the direct foreign investors in the US. Per records of the US Census Bureau, as of the eight-month period ending August 2008, balance of trade was recorded as follows: US Exports to the Netherlands - $27.57 billion; and US Imports from the Netherlands - $14.43 billion. The statistics for the entire 2007 were tracked with the following data on hand:
The commitment of these two nations to free trade came from a number of trade agreements. With their desire to stay ahead of any other tandem in international trade, they have strengthened their bonds by way of signing pacts. The following are the most recognized treaties between the United States and the Netherlands:
Because of their strong bond, trade conflicts between the United States and the Netherlands were minor in nature. The barriers were not really geared on trade itself but some other factors in the community. The disputes seen were as follows:
Much has been said about the overwhelming commitment between the US and the Netherlands. They stood side by side in order to conquer all the wars in the world. They were never rattled by the conflicts associated with trade. They have also struggled to persevere more with the billions of dollars seen in their trade balances. With the Dutch-American Friendship Day, every aspect of their socialization - whether it is for business or for socialization - will surely soar to greater heights. For more than a century now, the celebration will definitely continue and it could always be a milestone in both their histories. Keeping the faith on their free trade alliance will make the future generations benefit from their pacts. Every year shows records of exports and imports that form part of their actual interest to make their trade flourish. At some points, there may be a decrease but these data are insignificant when it comes to their entire business relations. Time and again, they have sailed the tough seas together and because of this they have valued the positive side more than they think of the barriers to their economic relations. US-Netherlands Trade References
|
Note: Trade statistics, industry links, economic projections and global business resources on this page have been compiled from hundreds of trade related websites, government guides and resources on the Internet. We provide this valuable information for industrial suppliers, manufacturers, exporters and importers seeking to enter or expland business opportunities in Netherlands.
Market Research
Primary Trading Partners
Major Goods Exported
Major Goods Imported
Industrial Outlook
The Netherlands is a prosperous and open economy depending heavily on foreign trade. Major industries
include agroindustries, metal and engineering products, electrical machinery and equipment, chemicals, petroleum,
construction, microelectronics, and fishing.
News, Business and Culture
Government Links
Import Export & Industrial Resources