As was made evident by the Dutch Minister of Foreign Affairs and Trade, Liesje Schreinemacher, there is an emphasis on the European Union as a home market to trade with. However, there is also a need to seek and enhance global collaboration from both the Netherlands and Belgium (Flanders region), particularly with the United States of America. This was made even clearer when both EU countries decided to partner up and organize a trade mission to the USA in the fall of 2023.
After a very successful trade mission to Germany, accompanied by King Willem-Alexander, focused on green hydrogen for North Rhine-Westphalia. This trade mission to the USA highlights the potential for strong international cooperation between The Benelux and the US. However, the promising development requires a keen eye on potential challenges and a proactive approach to doing business.
California and Arizona: beaming states for economic development
The USA plays a leading role in the global economic landscape. As of 2023, the USA accounted for an impressive 43.36% of the world’s Gross Domestic Product (GDP).
California, the third-largest and most populous state in the USA, is a significant economic player not only within the country but also on a global scale, with a GDP of 3.14 trillion US dollars in 2021.