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Daily Dutch News in English

The Netherlands and Turkey set aside funds for aviation industry

Minister for Foreign Trade and Development Cooperation Lilianne Ploumen has signed a Memorandum of Understanding (MoU) with the Turkish government to enhance cooperation between the Dutch and Turkish aviation sectors in the field of research and innovation.

Strengthening ties
This is the first MoU signed by the new government, and it will mean stronger economic ties between Turkey and the Netherlands. The two countries will work with their aviation sectors to explore ways of enhancing their partnership, including through knowledge-sharing and the organisation of joint training sessions.

Top sector: high-tech systems
The Dutch aviation industry provides 16,000 jobs and has a turnover of €2.5 billion. Two-thirds of this amount comes from maintenance and repairs and the remaining third from production. The sector consists of 90 specialised small and medium-sized companies, along with major players like Fokker, KLM Engineering and Maintenance, and world-class research institutions like the National Aerospace Laboratory of the Netherlands (NLR) at Delft University of Technology. The aviation industry is part of the high-tech systems industry, one of the nine top economic sectors supported by the government.

Trade mission
The MoU was signed during the current trade mission to Turkey, which involves over 85 companies. Turkey is an important country for the Netherlands in economic terms. There are 2,000 Dutch companies in Turkey, and over the past six years they invested €15 billion in Turkey, making the Netherlands that country’s third largest investor. The Netherlands is Turkey’s 10th largest export partner and its 15th largest import partner. Trade has tripled in the past 10 years; in 2011 it amounted to more than €5.5 billion.

Source: Dutch government