China |
Netherlands |
People's Republic of China – Netherlands relations officially began in November 1954.[1] In May 1972 diplomatic mission was increased to ambassadorial level.[1]
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Sino-Dutch relations began prior to the founding of the People's Republic of China in the 17th and 18th century when Dutch traders of the Vereenigde Oost-Indische Compagnie (VOC) setup trading post in Guangzhou and also in the western coast of Taiwan.[2]
People's Republic of China–Netherlands began in 1954.[3] Due to the Netherlands government assistance with two submarines to Taiwan, the bilateral relationship was downgraded in May 1981 to the level of Chargé d'affaires.[1] It was until 1 February 1984, China and the Netherlands restored full diplomatic relations when the Netherlands agreed not to conduct trade in relation to defence hardware with Taiwan.[1]
Netherlands export to China includes petrochemicals, machinery, transport equipment, food, high technology and fossil fuels.[4] China's export to the Netherlands includes computer and consumer electronics, toys and clothes.[4][5][6]
Bilateral trade between the two countries have increased over the years. The Netherlands are China’s third largest trade partner in the EU. The trade volume jumped last year has increased by 44.3 percent.[7] This is 4.6 billion euro in 2009.[4] China exported $36.7 billions to the Netherlands in 2009. [8]
Dutch enterprises has invested US$ 7.48 billion into 824 projects in China.[7]
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