Exceptional trade relations between Amsterdam and Asia
Both parties signed the letter of intent in the city of Ahmedabad during the Vibrant Gujarat Global Summit. The summit formed part of an Indian trade mission programme, which was attended by several Dutch companies. The latest agreement illustrates the excellent trade relations between India and the Netherlands, which stretch back more than four centuries. Amsterdam has traditionally been an important location for Indian companies and more than 65% of all Indian companies prospering in the Netherlands are based in the Amsterdam Metropolitan Area.
At the same time, the Port of Amsterdam sees many opportunities in India. The port is one of the world’s main shipping logistics hubs, is the world’s largest petrol port, Europe’s second coal port and the world’s biggest cocoa port. In 2012, the Port of Amsterdam signed a collaborative contract with the Samsara Group, a shipping agent with 54 offices in India, enabling it to expand its market reach in the transportation of oil, chemicals, agricultural bulk, general cargo and containers from India.
Strong similarities in the port industry
In a statement on its website, the Port of Amsterdam noted: "Indian ports have many similarities with the Port of Amsterdam. For instance, the vessels they use can also pass the lock in Amsterdam’s port, while the principal cargo flows are exports of mixed cargo and the export of container cargo of various products. Key import products for India are scrap and paper. India is and will continue to be important for the Port of Amsterdam, particularly in view of the growth of exports predicted for the years ahead."