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Trade and Investment Between the Netherlands and Texas Support 80,000 American Jobs

July 2, 2018

WASHINGTON--(BUSINESS WIRE)--Jul 2, 2018--Economic ties between the Netherlands and Texas remain strong. Trade and investment between the Netherlands and Texas support an estimated 80,000 jobs. The Netherlands Embassy released the news on the occasion of Dutch Prime Minister Mark Rutte’s first official visit with President Donald Trump.

In March, Ambassador Henne Schuwer of the Kingdom of the Netherlands met with Texas Governor Greg Abbott during a visit to the Lone Star State. They discussed ways to expand trade between Texas and the Netherlands. “It’s great to see these job numbers because they reflect the excellent relationship the Dutch have with Texas. And it’s my ambition to further strengthen those ties, for example, in the fields of agriculture, water management, and offshore technology,” said Ambassador Schuwer.

At the national level, trade and investment between the Netherlands and the United States support an estimated 825,000 American jobs in 2018. This number represents an increase of more than 10 percent over the last five years.

Through the centuries, the Netherlands and US economic partnership has created jobs, sound investments, and promising opportunities. The Netherlands is a fixture in the top five of the largest foreign investors in the United States, and maintains its place as the No. 1 destination for American investments. The US has a $30 billion trade surplus with the Netherlands, as it exports $59.3 billion to the Netherlands and imports $29 billion from the Netherlands. Top US exporters to the Netherlands include Texas, California, Louisiana, Illinois and Washington.

These new job numbers consist of two parts: direct jobs at Dutch enterprises active in the United States, and jobs supported by the export of goods and services to the Netherlands. Read about the methodology of the new projections and find a breakdown of the job figures for individual US states on the embassy’s website, NLintheUSA.com.

The Netherlands is a trading nation that continues to blossom from a culture of innovation and entrepreneurship, and that is rooted in the strong beliefs of security, freedom and justice. For more than 400 years, the Netherlands and the United States have shared a deep bond founded on shared values and history. Our economic ties have created jobs, sound investments, and promising opportunities on both sides of the Atlantic. Simply said, the Netherlands and the US have a partnership that works.

The Netherlands diplomatic network in the US promotes strong bilateral relations between the United States and the Netherlands, especially in the areas of agrifood and horticulture, water management, sustainable urban planning, peace and justice, and creative industries. Read more on www.nlintheusa.com and follow us @NLintheUSA.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180702005187/en/

CONTACT: Royal Netherlands Embassy

Jacquelien NienhuisorCarla Bundy

Public Diplomacy, Press and Culture Section

202-274-2606 or (c) 202-262-0995/

202-274-2632 or (c) 202-413-9786

nlintheusa.com

#EconomicTies

KEYWORD: UNITED STATES EUROPE NORTH AMERICA NETHERLANDS TEXAS

INDUSTRY KEYWORD: PUBLIC POLICY/GOVERNMENT LABOR OTHER GOVERNMENT PUBLIC POLICY WHITE HOUSE/FEDERAL GOVERNMENT

SOURCE: Royal Netherlands Embassy

Copyright Business Wire 2018.

PUB: 07/02/2018 04:30 PM/DISC: 07/02/2018 04:31 PM

http://www.businesswire.com/news/home/20180702005187/en

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