Netherlands
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About
Netherlands
Netherlands
Population: 16,318,199 (July 2004 est.)
Languages: Dutch (official language), Frisian (official language)
Capital: Amsterdam
Government Type: Constitutional Monarchy.
Independence Day: 1579 (from Spain)
Legal System: Civil law system incorporating French penal theory;
constitution does not permit judicial review of acts of the
States General; accepts compulsory ICJ jurisdiction, with reservations.
Currency: euro (EUR)
Executive
Branch:
Chief
of State: Queen BEATRIX (since 30 April 1980); Heir Apparent
WILLEM-ALEXANDER (born 27 April 1967), son of the monarch.
Head of Government: Prime Minister Jan Peter BALKENENDE (since
22 July 2002) and Deputy Prime Ministers Gerrit ZALM (since
27 May 2003) and Thom DE GRAAF (since 27 May 2003).
American
Embassy: Lange Voorhout 102, 2514 EJ, The Hague
Mailing Address: PSC 71, Box 1000, APO AE 09715
Telephone: [31] (70) 310-9209 FAX: [31] (70) 361-4688
General Overview: The Kingdom of the Netherlands was formed
in 1815. In 1830 Belgium seceded and formed a separate kingdom.
The Netherlands remained neutral in World War I, but suffered
invasion and occupation by Germany in World War II. A modern,
industrialized nation, the Netherlands is also a large exporter
of agricultural products. The country was a founding member
of NATO and the EC (now the EU), and participated in the introduction
of the Economic and Monetary Union (EMU) in 1999.
Economic
Overview: The Netherlands has a prosperous and open economy,
which depends heavily on foreign trade. The economy is noted
for stable industrial relations, moderate unemployment and inflation,
a sizable current account surplus, and an important role as
a European transportation hub. Industrial activity is predominantly
in food processing, chemicals, petroleum refining, and electrical
machinery. A highly mechanized agricultural sector employs no
more than 4% of the labor force but provides large surpluses
for the food-processing industry and for exports. The Netherlands,
along with 11 of its EU partners, began circulating the euro
currency on 1 January 2002. The country continues to be one
of the leading European nations for attracting foreign direct
investment. Economic growth slowed considerably in 2001-03,
as part of the global economic slowdown, but for the four years
before that, annual growth averaged nearly 4%, well above the
EU average. The government is wrestling with a deteriorating
budget position, and is moving toward the EU 3% of GDP budget
deficit limit.
International
Disputes: None
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