Economic cooperation within the Kingdom
WILLEMSTAD - The Foundation for Economic Research (SEO) did a research on the experiences and needs of the businesses in the Netherlands and Aruba, Curaçao, Bonaire and St. Maarten in the field of trade with Latin America.
The research was commissioned by the Ministry of the Interior and Kingdom Relations. The results were presented on the Leeward Islands recently.
Aruba, Bonaire and Curaçao have been committed for some time in order to operate as a corridor or logistical hub for trade between Europe and Latin America. The Netherlands has, in recent years, seen an intensification of efforts for more trade with emerging economies in Latin America.
The SEO's research aims to contribute to the discussion on the next steps that have to be taken and to implement policies aimed at further development of the trade between the Kingdom and Latin America. A web survey was conducted among the business community in the Netherlands, Aruba, Curaçao, Bonaire and St. Maarten.
During the presentation of the research, there were extensive meetings with (representatives of) the business community, politicians and civil servants. In addition to an explanation of the results is thereby explicitly asked about the possibilities they see in order to stimulate economic activity within the Kingdom and Latin America.
They also discussed the obstacles experienced by businesses in their trade with Latin America and their experiences with available facilities, which are necessary for their trade, such as (air) port, customs and e-zone.
The results of the research confirm that the Caribbean part of the Kingdom can play a role in the promotion of trade with Latin America.
Dutch companies that trade with this region and who wants to expand, already make use of all facilities and services in the Caribbean part of the Kingdom, or are considering to do so. During the visit and the talks they have also made specific recommendations.
The business also emphasized on an increase in economic cooperation between the islands, improvements in education and the labor market and the removal of specific trade barriers. The research report can be read on www.seo.nl.