THE federal government is opening a new Austrade office in the Netherlands.

Minister for trade, tourism and investment Dan Tehan said the Netherlands office would strengthen the trading relationship with Europe, creating new opportunities and jobs for Australians.

“The Netherlands is Australia’s second largest export market in the EU and is a key entry point for Australian goods distributed across the continent,” he said.

“The office will help Australian companies win business in the Netherlands as well as facilitate foreign direct investment from the Netherlands to Australia.

Mr Tehan said the Netherlands is a key partner in Europe and the new office would complement the Australian government’s work to negotiate a free-trade deal with the European Union.

The Netherlands is the 17th largest global economy and fifth largest in the EU and Australian businesses are already choosing to base their operations in the country:

Medical technology company IDE Group has opened its European headquarters in Rotterdam to serve European partners, and to partner with a variety of Dutch life sciences companies, technical universities, incubators and the wider health community.

The Commonwealth Bank of Australia established a Dutch subsidiary to provide access to European markets for institutional clients post-Brexit, complementing the existing services provided by the UK subsidiary.