The Netherlands, among the economies most affected by Brexit – La República CE



[ad_1]

ARCHIVE – This photo from May 9, 2011 shows flags of the European Union outside the European Commission headquarters in Brussels. Belgium delayed about a month to report that it had found eggs contaminated with low levels of insecticide, although EU member countries are not obliged to report it "immediately." ", said Tuesday the executive arm of the European Union. August 2017. (AP Photo / Yves Logghe, ARCHIVE)

The Hague (EFE) .- The Netherlands is one of the European countries most affected by the rupture of London with European Union (EU) but it is also the most sought after and chosen destination by organizations and companies that will leave United Kingdom after "brexit" Thank you for its tax benefits and business climate.

For the director of the Port Authority of Rotterdam, Allard Castelein the "brexit" will bring "nothing good" to the Dutch businessmen and warns that & # 39; 39, a reduced relationship with the United Kingdom will have "c Negative consequences" for the economy of this country, which concerns about 35,000 companies.

However, the Secretary of State for the Economy, Mona Keijzer pointed out in an act this week that the British break with the EU "offers opportunities" to country, as the arrival of the European Medicines Agency (19459008) with its 900 employees, the Japanese bank MUFG the company Unilever or different providers

The "brexit" can be seen from two points of view in the Netherlands, because while experts warn against the consequences of border controls and commercial costs, the reality is that many companies, its tens thousands of workers will leave for the Netherlands after 29 March 2019.

The cost of this break-up could reach 1.2% of Dutch GDP in 2030 ie around 10 000 million euros, if a British exit under conditions is not n

Dutch trade with the United Kingdom accounts for more than 3% of its gross domestic product) and 8% of its trade volume, which is at stake for "brexit", adds the Central Bureau of Statistics (CBS).

The most important export products are fruits and vegetables, fresh and processed, in the amount of about 2 000 million euros; also meats, for more than 1,300 million euros; floriculture for 1,100 million euros; dairy products, for 250 million; potatoes, for 200 million; In the case of a hard "brexit", the International Monetary Fund (IMF) warned Thursday that Holland would be one of the countries most affected by the absence of a trade agreement between the two parties, since a radical break would mean a 0.7% reduction in Dutch export earnings.

However, in a "soft" scenario, with the United Kingdom out of the customs union, but by now According to the IMF, access to the single market and the acceptance to comply EU standards could "involve a cost almost zero for the whole of the Union".

The European Commission is not so optimistic and said Thursday that the likelihood of a "brexit" without agreement increases and that private companies and workers should "prepare for any event. "

As political negotiations continue, Dutch entrepreneurs prefer to prevent and start looking for new partners in Eastern Europe, such as Poland Russia or Ukraine because "the other option is to risk less and less and nobody wants that," said the director of the flower company Dekker Chrysanten Cees Dekker in statements to Dutch newspaper "NU".

Also, through the Netherlands Foreign Investment Agency (Nifa), the Dutch government is currently "in touch with more than 200 companies", according to its door Michiel Bakhuizen, to sell this country as a flagship destination and make "brexit" a positive break for this country

The Netherlands offer entrepreneurs seeking housing after favorable tax arrangements "brexit", 30% of tax free salary, an anglophone population, a suitable business climate, a good level of education, quality of life The Nifa campaign paid off: in 2017, 18 companies chose the Netherlands to establish after the "brexit", and in 2018, others, such as the giant Unilever consumer products, which decided to end its dual legal structure, breaking his base in London and regrouping around his headquarters in Rotterdam.

They joined, among others, the financial group Cboe Global Markets and the Japanese megabank Mitsubishi UFJ Financial Group (MUFG) which chose the Dutch capital as the European headquarters for its activities, to the detriment of London.

These companies will be added to other great prestige as Booking.com Netflix Facebook Uber and Google which have their offices at Amsterdam headquarters and branch of more than 50 European and international banks. EFE (I)

ir / rja / dgp

[ad_2]
Source link