The Netherlands is seeking to finalize an agreement with India focused on cooperation in semiconductors and critical technologies, according to Dutch Foreign Minister Caspar Veldkamp. This initiative aims to enhance trade and research between the two nations as they work to establish a strategic partnership amid global unrest. During his recent visit to India, Veldkamp met with External Affairs Minister S. Jaishankar and National Security Adviser Ajit Doval to discuss strengthening bilateral relations in trade, technology, and security. Veldkamp mentioned ongoing cooperation in the semiconductor sector and indicated intentions to sign a memorandum of understanding later this year, which would include aspects such as workforce mobility and research and development. He highlighted India's ambition to become a semiconductor hub and expressed confidence in partnering with India, viewing the country as a secure environment for collaboration in this industry. The Netherlands holds a significant position in the global semiconductor market, ranking fourth with a 9% share. Amid shifting geopolitical dynamics, Veldkamp emphasized the importance of strengthening ties with India, recognizing its pivotal role in the Indo-Pacific region for upholding freedom of navigation and international law. He noted shared security interests and stated that both sides are interested in enhancing their strategic partnership. Veldkamp also addressed the implications of US reciprocal tariffs, affirming the need for EU member states to engage with India on such issues and asserting that tariffs negatively impact trade and overall prosperity. Regarding arms sales to Pakistan, Veldkamp clarified that the Dutch government approves a higher percentage of export licenses for India compared to Pakistan. This aligns with concerns expressed by Indian Defence Minister Rajnath Singh regarding cross-border terrorism and calls for ensuring that Dutch firms do not supply military technology to Pakistan. #Semiconductors #India https://lnkd.in/gdMNWFDC
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