{"id":14754,"date":"2021-04-10T00:00:00","date_gmt":"2021-04-10T00:00:00","guid":{"rendered":"https:\/\/www.nextias.com\/current_affairs\/uncategorized\/10-04-2021\/india-netherlands-strategic-partnership\/"},"modified":"2021-04-10T00:00:00","modified_gmt":"2021-04-10T00:00:00","slug":"india-netherlands-strategic-partnership","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/10-04-2021\/india-netherlands-strategic-partnership","title":{"rendered":"India Netherlands Strategic Partnership"},"content":{"rendered":"<p><strong>In News<\/strong><\/p>\n<p>India and the Netherlands agreed on a <strong>strategic partnership<\/strong> on the water during the virtual summit.<\/p>\n<p><strong>Key Highlights <\/strong><\/p>\n<ul>\n<li>They discussed broadening <strong>bilateral cooperation<\/strong> in new areas of water, including <strong>water budgeting, cost-effective<\/strong>,<strong> decentralised treatment technologies<\/strong>,<strong> converting wastewater to energy<\/strong>.<\/li>\n<li>Both countries reaffirmed the commitment to multilateralism and agreed to work together towards challenges of <strong>climate change, counter-terrorism<\/strong> and <strong>Sustainable Development Goal and pandemic.<\/strong><\/li>\n<li>Both nations <strong>decided to strengthen the bilateral ties<\/strong> in particular sectors of <strong>trade and investment<\/strong>, <strong>water management, agricultural, food<\/strong> <strong>processing, smart cities and urban mobility and more.<\/strong><\/li>\n<li>The two sides also decided to set up a <strong>fast-track mechanism<\/strong> to <strong>promote bilateral trade.<\/strong><\/li>\n<\/ul>\n<ul>\n<li>Two countries also discussed collaboration in the field of agriculture, Urban Development and Space.<\/li>\n<\/ul>\n<p><strong><img decoding=\"async\" src=\"https:\/\/cfstatic.nextias.com\/cdn-cgi\/image\/format=auto\/file_library\/mix_content\/554190871932936770_image.png\" style=\"height:206px; margin-left:150px; margin-right:150px; width:394px\" \/><\/strong><\/p>\n<p><strong>India and Netherlands Relations<\/strong><\/p>\n<p>India and Netherlands have long-standing <strong>warm and friendly<\/strong> relations based on shared <strong>values of democracy, rule of law, respectful human rights<\/strong> and <strong>historic bonds of friendship. <\/strong><\/p>\n<p><strong>Bilateral ties<\/strong><\/p>\n<ul>\n<li><strong>Indo-Dutch contacts go back to more than 400 years<\/strong> and official relations established in <strong>1947, have been cordial and friendly.<\/strong><\/li>\n<li><strong>\u00a0India&#8217;s economic growth<\/strong>, its large market, its pool of knowledge workers are of <strong>interest to the Netherlands.<\/strong><\/li>\n<li>\u00a0The two countries also share common ideals of democracy, pluralism and the rule of law.<\/li>\n<li>Bilateral ties have been marked by strong <strong>economic and commercial relations<\/strong><\/li>\n<li>The Netherlands signed the Framework Agreement of the <strong>International Solar Alliance <\/strong>(ISA) and became the<strong> 64th signatory member country. <\/strong><\/li>\n<\/ul>\n<p><strong>Political and Economic Relations <\/strong><\/p>\n<ul>\n<li>In terms of <strong>trade and investment<\/strong>, India has strong economic interests in the <strong>Netherlands.<\/strong><\/li>\n<li>There are over <strong>200 Indian companies<\/strong> operating in the <strong>Netherlands. <\/strong><\/li>\n<li>The top five sectors attracting FDI equity flows from the Netherlands were the services <strong>sector, computer software and hardware, trading, automobile industry<\/strong> and <strong>fermentation industries.<\/strong><\/li>\n<li>During the financial year, FY 2018-2019 (April to September), total two-way trade stood at US$6.28 billion.<\/li>\n<li>The Netherlands was India&#8217;s 4th largest trading partner in the EU, after the UK, Germany and Belgium.<\/li>\n<\/ul>\n<p><strong>Culture and Education<\/strong><\/p>\n<ul>\n<li>In May 1985, a Cultural Agreement was signed between the two countries, which provides for <strong>cooperation and exchanges<\/strong> in education and science, art and culture.<\/li>\n<li>\u00a0An MoU on <strong>Cultural Cooperation<\/strong> was signed in June 2017.<\/li>\n<li>Indian Cultural Centre named <strong>\u201cThe Gandhi Centre<\/strong>\u201d in The Hague was inaugurated in October 2011.<\/li>\n<li>\u00a0The Centre promotes <strong>Indian culture<\/strong> through its active calendar of programmes including regular <strong>Yoga, Tabla and Hindi classes.<\/strong><\/li>\n<li>\u00a0In addition to this, the Centre organizes a wide range of diverse cultural activities and programmes, such as <strong>music, dance, workshops, movies, documentaries, lectures, celebrations of Indian festivals. <\/strong><\/li>\n<li>The Fourth International Day of Yoga was celebrated on 18 June 2018 at the Museumplein, Amsterdam.<\/li>\n<\/ul>\n<p><strong>Diaspora<\/strong><\/p>\n<ul>\n<li>The Netherlands hosts the second-largest Indian Diaspora (after the UK) in Europe and the largest Indian diaspora community on mainland Europe, totalling around 2,35,000 comprising 35,000 Indians and 2,00,000 Suriname-Hindustani community of Indian origin.<\/li>\n<li>The Indian nationals in the Netherlands broadly comprise businessmen, IT and other professionals and students.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/economictimes.indiatimes.com\/news\/india\/india-netherlands-launch-strategic-partnership-on-water-fast-track-mechanism-to-promote-trade\/articleshow\/81993596.cms\" target=\"_blank\" rel=\"noopener\">Source :ET<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In News India and the Netherlands agreed on a strategic partnership on the water during the virtual summit. Key Highlights They discussed broadening bilateral cooperation in new areas of water, including water budgeting, cost-effective, decentralised treatment technologies, converting wastewater to energy. Both countries reaffirmed the commitment to multilateralism and agreed to work together towards challenges [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[30,34],"class_list":["post-14754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","tag-gs-2","tag-india-foreign-relations"],"acf":[],"jetpack_featured_media_url":"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2023\/07\/1005619Current-Affairs.jpg","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/14754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=14754"}],"version-history":[{"count":0,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/14754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media\/14755"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=14754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=14754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=14754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}