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"YOUNG MEN! REMEMBER THIS DAY, FOR THIS DAY I GO TO THE HAGUE TO PUT SEED IN THE GROUND THAT MAY PRODUCE GOOD OR EVIL -- GOD KNOWS WHICH” John Adams, the first US Ambassador to the Netherlands The Netherlands Population: 16.2 million
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"YOUNG MEN! REMEMBER THIS DAY, FOR THIS DAY I GO TO THE HAGUE TO PUT SEED IN THE GROUND THAT MAY PRODUCE GOOD OR EVIL -- GOD KNOWS WHICH” John Adams, the first US Ambassador to the Netherlands
The Netherlands • Population: 16.2 million • Land mass: 13,000 squaremiles, 2xs the size of New Jersey • Economic Growth: 2002 (0.2%), 2000 (3.3%) • Unemployment: 4.1% (2002) • 2/3rds of economy in services
It is the Transatlantic economy ($ trillions)
Top Five Foreign Investors in US,1994-2001 UNITED KINGDOM JAPAN GERMANY NETHERLANDS FRANCE
BIG FOOTPRINT NETHERLANDS • Total Assets of US Affiliates: $459 billion • Total Sales of US Affiliates: $182 billion • Total Number of Employees: half a million (561,000) working in 2,370 branches of Dutch companies
ARE THEY ONLY RED AND BLUE? • 2000 • ING acquires ReliaStar Financial Corporation ($6.0 billion) • Unilever acquires Slim-Fast Foods (2.3 billion) • Unilever acquires Ben and Jerry’s Ice cream (326 million) • 1999 • Aegon acquires TransAmerica Corporation (10.8 billion) • VNU acquires Nielsen Media Research (2.8 billion) • Royal Numico acquires General Nutrition Companies (2.5 billion) • Philips acquires VLSI Technology Inc (1.2 billion) • 1998 • Royal Ahold acquires Giant Food Inc. (2.8 billion)
NEW YORK Employment from Dutch Investment: 50,500 Dutch Investment: $3.3 billion
CALIFORNIA: Employment from Dutch Investment : 37,500 Dutch Investment : $15.8 billion
TEXAS: Employment from Dutch Investment : 29,700 Dutch Investment : $12.8 billion
GEORGIA: Employment from Dutch Investment : 29,400 Dutch Investment : $2.6 billion
MASSACHUSETTS: Employment from Dutch Investment : 28,400 Dutch Investment : $2.5 billion
PENNSYLVANIA: Employment from Dutch Investment : 28,300 Dutch Investment : $1.4 billion
MARYLAND: Employment from Dutch Investment : 25,000 Dutch Investment : $2.5 billion
SOUTH CAROLINA: Employment from Dutch Investment: 21,900 Dutch Investment : $1.3 billion
ILLINOIS: Employment from Dutch Investment: 21,000 Dutch Investment : $3.7 billion
FLORIDA: Employment from Dutch Investment : 20,000 Dutch Investment : $2.2 billion
CONNECTICUT: Employment from Dutch Investment: 19,500 Dutch Investment : $1.2 billion
IN OTHER WORDS: • The Netherlands is the top foreign employer in Connecticut,Maryland,andSouth Carolina… • The second largest foreign investor in California… • The top investor in Louisiana, Rhode Island, and DC… • Among the top three investors in Connecticut,Massachusetts, Maryland, California, Texas, Colorado, PuertoRico, Kansas, and New Mexico…
Shell Oil Company Meet the Dutch 2003 The Royal Netherlands Embassy gratefully acknowledges the following sponsors for theirgracious support: