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Dutch-Japanese Relations

A Brief Economic Outlook

Marc GerritsenHead of Economic AffairsEmbassy of the Kingdom of the Netherlands in Japan

Tokyo, 25 September 2014

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Dutch economy: latest figures

2013 2014 2015

GDP Growth: - 0.7% 0.75% 1.25%

Import: 2% 3.25% 3.75%

Export: 0.8% 3 % 3.75%

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The Dutch economy: public debt

Economic outlook

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The Dutch economy: budget deficit

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• Biggest EU investor in Japan (€ 7.904 million - 2012)

• Japan 2nd biggest non EU investor in NL, after US (€ 9,811 million - 2012)

• NL 10th global trading partner of Japan (China 1, US 2, RoKorea 3)

Dutch-Japanese ties

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Dutch-Japanese trade

From the Netherlands to Japan• Specialized machines• Tobacco• Medical products• Electrical devices 3,2 bln euro in 2013• Medical instruments

From Japan to the Netherlands• Printers• IT and telecommunication• Electrical appliances• Vehicles

8,4 bln euro in 2013

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FTA between EU and Japan

• Together more than a third of the world's GDP

• EU is Japan’s 3rd trading partner, after China and the United States.

• Japan is EU’s 2nd trading partner in Asia, after China.

• Japan is also a major investor in the EU.

• EU exports to Japan could increase by 32.7%

• Japanese exports to the EU would increase by 23.5%

• Europe’s economy could grow by 0.6 to 0.8 %

• It would result in the creation of 400.000 jobs in EU

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Top sectorsin Japan

Preview of State Visit and Trade Mission

Their Majesties King Willem-Alexander and Queen Máxima

Minister of Foreign Affairs

Minister of Economic Affairs Mr. Henk Kamp

Mr. Hans de Boer (VNO NCW)

Mr. Rost Onnes

More than 100 companies and institutions

Elements of the Trade Mission

Six thematic programs:

Healthy aging

Horticulture

Agrofood

Cyber security

Intelligent Transport Systems

Thank you for your kind attention