Europe's leading business hub, the Netherlands' attraction lies in its strategic location, relative ease of doing business, favourable tax incentives, excellent logistics and distribution infrastructure.
The strong fundamentals in the
Dutch economy with regards to investment climate will ensure that the Netherlands remains stable in
the current state of the market.
UPS EXPORT SERIES
UPS operates daily flights from Singapore to the UPS European air hub in Cologne, which connects directly to the Netherlands.
Netherlands, a healthy economy with a gross domestic product (GDP) of €560 billion (2007) and population of 16 million, presents a low-risk business environment for foreign investors especially for those in high-tech sectors.
The Dutch chemical industry indirectly contributes 10 percent to the GDP and is the global leader in sectors such as basic chemistry, food ingredients, coatings and high-performance materials. The industry also accounts for 20 percent of total Dutch exports.
Netherlands' major imports from across the world include machinery and transport equipment, chemicals, fuels, foodstuffs and clothing.
Because the Netherlands is part of the harmonised trade system of the European Union (EU), imports to the country need to clear customs only once through any of the EU member states.
This means that once goods have been cleared through customs in one EU country, you won't have to pay duty to ship the goods into another member country.
Singaporean exporters can thus access a larger market on top of the Netherlands. However, it is important to note that although customs is cleared only once within EU, there are different levels of sales tax in every country that has to be paid every time the goods cross a national border.
All products must comply with Dutch and EU regulations. Labels and instructions in Dutch, as well as a contact address within the EU, must also be included.
Understanding the specific regulations governing certain products will facilitate Customs clearance. Some important points to note:
Need further information? UPS can advise you on any restrictions or special requirements for shipping to the Netherlands.
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