ANNOUNCEMENT 08 Apr 2013In April 2013, the governments of the Russian Federation and the Netherlands announced a change in import duties.
NUMBER OF INTERVENTIONS
According to an official press release of 8 April 2013 of the state body Russian Agency for Export Credit and Investment Insurance (EXIAR), it has signed with its Dutch counterpart, the Dutch Export Credit Agency, a Memorandum of Understanding (MoU), focused on increasing support to Russian and Dutch companies that jointly perform transactions or infrastructural projects in third countries. Consequently, suppliers from both countries can more easily win contracts in other countries. Furthermore, the MoU foresees the right for Russian-Dutch joint ventures to be insured against non-payment risks and facilitates their access to bank financing.
Russia and the Netherlands are important trading partners. Key sectors of cooperation (which might also provide them with a competitive advantage in third countries) are: oil, gas, agriculture, machinery. In 2012, Dutch exports to Russia totalled approximately 7 billion EUR, while Russian exports to the Netherlands amounted to 17 billion EUR; 14% of the merchandise passing through the Rotterdam ports has Russia as its country of origin or destination.