Brexit: Consequences for the Dutch Economy

Abstract

Economic ties between the Netherlands and the Great Britain, the major trade and investment partners are historically very strong. Dutch and British economies are mutually integrated in respect with the work of business community, financial systems and institutional framework. Economic equilibrium formed before the British referendum (Brexit) will not remain as it used to be. Brexit keeps a threat for Dutch economy due to fast establishing of barriers to the relocation of goods, commercial services and capital. The Government of the Netherlands implements a set of measures aimed at overcoming the negative consequences. Policy in what relates to the relocation of common European institutions and business control functions within Europe to the territory of the Netherlands strengthens its role as one of the EU economic leaders appropriate for the joint building of pragmatic dialogue aimed to solve actual tasks of trade and investment cooperation. Current situation brings certain risks for Russia, but at the same time, opens the possibilities for maintaining more close economic cooperation with the Great Britain and first of all with the Netherlands. Therefore, the conducting of monitoring and actualization of trade policy with the respect to bilateral foreign economic priorities in the field of export, deepening international industrial cooperation and intensive adaptation of business services to foreign markets requirements is much demanded.