Royal Netherlands Embassy Issues New Economic Report: Dutch-American Ties Support nearly 680,000 Jobs in the United States; A 9%

  Royal Netherlands Embassy Issues New Economic Report: Dutch-American Ties
  Support nearly 680,000 Jobs in the United States; A 9% Increase from 2010

Texas Leads the Nation in Job Creation from Dutch-US Economic Ties with 98,271

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Business Wire

WASHINGTON -- March 20, 2013

A new report by the Royal Netherlands Embassy shows the continuing strength of
the economic ties between the United States and the Netherlands supported
nearly 680,000 American jobs in 2011, an increase of 9 percent from the
previous year.

The report, Economic Ties Between the USA and the Netherlands, A Partnership
that Works, also shows a mutual and steady faith in both countries’ economies,
as both Dutch and American businesses continue to invest in both countries.

“As the global economy continues on the road to financial recovery, our
Economic Ties report  proves that durable, bilateral ties consistently yield
results for both nations,” stated Stephen Raes, Minister of the Economic
Department of the Royal Netherlands Embassy. “Imagine how much stronger these
ties can be when the US and European Union establish a Transatlantic Trade and
Investment Partnership.”

The United States and the European Union, of which the Netherlands is a key
nation, recently announced the start of negotiations on a Transatlantic Trade
and Investment Partnership. The Netherlands strongly supports such a
partnership.

“This agreement will be crucial to the continued growth of both our
economies,” said Ambassador Rudolf Bekink. “The numbers in our Economic Ties
report can be the seeds to the bountiful trade opportunities that will open
up. In nearly every critical trade indicator, such as goods and services
imported and exported to each country, the Dutch-US economic ties saw
increases.”

Investment from and trade with the Netherlands creates dividends on both sides
of the Atlantic. Economic Ties reveals:

  *The Netherlands retained its place as the third largest foreign investor
    in the United States, where Dutch investment in American companies
    amounted to $240 billion.
  *American companies increased their investment in the Netherlands to $595
    billion, making the Netherlands the United States’ largest destination
    country of US foreign direct investment.
  *The trade exchange of goods and services between the Netherlands and the
    United States increased to $81 billion, a 26% increase from 2010.

More than 850 Dutch companies called the United States home in 2011. Economic
Ties illustrates their impact and gives a national and state-by-state analysis
of the Dutch-US economic relationship. While this relationship can be seen in
virtually every state in the US, Texas, California and Pennsylvania are the
top three states where Dutch investment supports the most jobs. Texas and
California also lead the states with the most Dutch foreign direct investment.
Additionally, they also top the list of states that export the most goods and
services to the Netherlands.


The Top 5 States/Territories for Jobs, FDI and Exports to the Netherlands
Top 5 Jobs              Top 5 Dutch FDI 2011                   Top 5 Exports to the Netherlands
2011                                                                  2011
                                         Share*   billion                Share**   billion
                                                          USD                                    USD
1. Texas          98,271     1. Texas          7.7%       12.6        1. Texas       3.5%        8.8
2. California     63,278     2. California     5.3%       7.4         2.             2.9%        4.6
                                                                      California
3.                45,912     3.                11.4%      3.9         3.             5.7%        3.1
Pennsylvania                 Massachusetts                            Louisiana
4. New York       42,881     4. New York       3.6%       3.7         4. Puerto      13.8%       2.5
                                                                      Rico
5.              39,743   5.              16.1%    2.8       5. New       2.6%      2.2
Massachusetts                Connecticut                              York
                                                                                                 
* This represents the share of Dutch FDI in total FDI for each state
** This represents the share of each state's foreign exports


Texas

Dutch investment in Texas and Texas’ exports to the Netherlands supported
98,271 American jobs, (an increase of 30% from the previous year) making Texas
the top beneficiary of Dutch-US economic ties. More than 80 Dutch companies
are based in Texas and include: Aegon, KLM, NXP Semiconductors, Shell,
Philips, Reed Elsevier and SBM Offshore. The Netherlands was the 5^th largest
foreign investor in the state, with $12.6 billion in 2011. Texas imported $2.8
billion of goods from the Netherlands. The majority of these imports were in
machinery products. Texas’ exports to the Netherlands totaled $8.8 billion,
making the Netherlands its fifth largest export market. Nearly 45% of Texas’
exports to the Netherlands consisted of petroleum and coal products. Texas is
also home to the Netherlands Business Support Office in Houston, which works
directly to support Dutch businesses in Texas and helps Texas companies expand
into the Dutch market.

"As a family owned Dutch company since 1929 with several branches all over the
world; Mourik's approach is to think globally but act locally. We are a proud
member of the Houston business community and working with our Texas partners,
we anticipate strong growth for the future,” said Albert Megens, General
Manager Mourik LP.

California

In the Golden State, 63,278 jobs were supported by Dutch investment and
California’s exports to the Netherlands. This figure equals the population of
Lodi, California. In the area of foreign direct investment, the Netherlands
was the 6^th largest foreign investor there with $7.4 billion. California and
the Netherlands have a robust trade relationship. Imports from the Netherlands
totaled $1.1 billion. Nearly 20% of Dutch imports consisted of beverages and
tobacco. The Netherlands was California’s 9^th largest export market. The
state exported $4.6 billion in goods to the Netherlands; the largest category
of goods being computers and electrical equipment. The Dutch roots extend to
California’s demographics, where almost 400,000 Californians are of Dutch
descent. California is also home to more than 80 Dutch companies including
Aegon, Philips, Deltares USA, Hansje Brinker and The Nielsen Company.

Pennsylvania

Dutch investment and Pennsylvania’s exports to the Netherlands supported
45,912 jobs in the Keystone State. The Netherlands was the 6^th largest
foreign investor with $2.6 billion in 2011, which amounted to 5.1% of total
foreign direct investment. Dutch companies such as Akzo Nobel, American
Beverage Corporation, DSM, and ING are a few of the businesses based in
Pennsylvania. The Netherlands’ was Pennsylvania’s 7^th largest export market.
In 2011, the state exported $1.4 billion in goods (mostly petroleum and coal
products) to the Netherlands. Imports from the Netherlands totaled $819.3
million. Chemical goods accounted for 36% of Pennsylvania’s imports from the
Netherlands.

The Dutch Imprint

To illustrate the depth and breadth of the Dutch companies in the US, Economic
Ties also profiles Dutch companies large and small such as Unilever and
Suitsupply. Unilever, whose products can be found in millions of American
homes, employs 10,000 personnel in the US. Suitsupply, a custom clothing line,
has 50 employees.

The Dutch roots to the United States extend beyond the economic and include
the more than 4.6 million Americans of Dutch ancestry. Economic Ties gives a
state by state breakdown on the Dutch American population.

Minister Stephan Raes is available for interviews to discuss Economic Ties.
Media should contact: Carla Bundy, 202-274-2632/ cy.bundy@minbuza.nl or Ilse
van Overveld, 202-274-2630, ilse-van.overveld@minbuza.nl.

Statistics in Economic Ties are based on: the U.S. Department of Commerce’s
Bureau of the Census, the U.S. Department of Commerce’s Bureau of Economic
Analysis and the U.S. Department of Commerce’s International Trade
Administration.

For more than 400 years, the Netherlands and the United States have been
joined by the values of freedom, justice and an entrepreneurial spirit. A
vibrant economic force, the Netherlands is also the third largest investor in
America and a reliable trade and investment partner to the U.S. The Royal
Netherlands Embassy, Dutch Consulates General and Honorary Consuls in the U.S.
promote strong bilateral relations between the United States and the
Netherlands in the areas of peace and stability; international law; energy and
climate; water management; international human rights; and creative
industries. The Netherlands and the United States: Two countries, one spirit
united by values, history and a vision of the future.

More information: Key Topics - The Royal Netherlands Embassy in Washington DC

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Contact:

Royal Netherlands Embassy
Public Diplomacy, Press and Culture department
Ilse van Overveld
202-274-2630 or (c) 202-413-5020
ilse-van.overveld@minbuza.nl
or
Carla Bundy
202-274-2632 or (c) 202-413-9786
cy.bundy@minbuza.nl
Skype Account: PressOfficerDutchEmbassyDC
www.the-netherlands.org
 
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