Brexit has had a significant impact on the Dutch economy, with the country facing additional trade costs of €4.5 billion every year. The Netherlands is one of the countries most affected by Brexit, with the Dutch economy being more connected to the UK economy than other EU countries. The country imported €33 billion of goods and services from the UK in 2016, and 7% of its exports, equivalent to €42 billion, go to the UK. The additional trade costs faced by the Dutch economy after Brexit will be shouldered by the food and agriculture sector and the chemicals and plastics sector, with these two regions being affected the most. Mitigating actions, such as adjusting supply chains to avoid crossing the UK border, can reduce the additional costs faced by Dutch businesses by 10–30 percent. However, on average, Brexit will still increase costs and may force businesses to change their pricing investments choices, and geographical focus.
Brexit will also result in a decline in trade, which will reduce the Netherlands’ GDP by between 0.9% and 1.5% in 2030, with lost income of approximately €8 – €13 billion. The Dutch government has been working on mitigating the impact of Brexit on the country’s economy. The government has been engaging with businesses to help them prepare for Brexit and has been working on developing new trade relationships with other countries. The government has also been working on improving the country’s infrastructure to make it more attractive to foreign investors. Despite these efforts, the impact of Brexit on the Dutch economy is expected to be long-lasting.
The Dutch government has been approaching Brexit with relative clarity of purpose and the administration of the country has been working on developing strategies to mitigate the impact of Brexit on the country’s economy. The government has been engaging with businesses and citizens to help them prepare for Brexit and has been working on developing new trade relationships with other countries. The government has also been working on improving the country’s infrastructure to make it more attractive to foreign investors. The Dutch government would have preferred the UK to stay in the EU, but despite this, the country has been working on developing strategies to mitigate the impact of Brexit on its economy.
Brexit has had a significant impact on the Dutch economy, with the country facing additional trade costs and a decline in trade. The Dutch government has been working on mitigating the impact of Brexit on the country’s economy by engaging with businesses and citizens, developing new trade relationships with other countries, and improving the country’s infrastructure. Despite these efforts, the impact of Brexit on the Dutch economy is expected to be long-lasting.
