Doing Business in Denmark

The objectives of the subject “International Trade and Business in” Denmark” are the following:

1. To analyze the Danish Economy and Foreign Trade;
2. To know the business opportunities in the Danish Market;
3. To analyze the Danish trade relations with the country of the student;
4. To know the Danish free trade agreements as a member of the European Union (EU);
5. To develop a business plan for the Danish Market.

The Subject “Foreign Trade and Business in Denmark” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): European Business, World Trade.

Masters (MIB): International Business, Foreign Trade.

Learning materials in + Dinamarca Danemark Dinamarca.

1. Credits of the Subject “International Trade and Business in” Denmark”: 1 ;
2. Duration: one week.

1. North Sea-Baltic Transport Corridor;
2. Pan-European Corridor II.

Danish Preferential Access and Free Trade Agreements:

1. Denmark and the European Economic Area;
2. European Union
   1. As a member of the European Union, Denmark is a beneficiary of the EU Free trade agreements with Algeria, Ivory Coast, South Africa, South Korea, India, Mexico, MERCOSUR, Chile, Egypt, Jordan, Lebanon, Ukraine, Moldova, Georgia etc. besides the Customs Union with Turkey;
   2. European Single Market;
   3. EU Services Directive;
   4. European Digital Single Market;
   5. Economic and Monetary Union;
   6. European Customs Union.
3. Council of the Baltic Sea States (CBSS);
4. Regional Cooperation Council (RCC).

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Chamber of Commerce (ICC);
4. Convention concerning International Carriage by Rail (COTIF);
5. International Bureau of Containers and Intermodal Transport (BIC);
6. International Civil Aviation Organization (ICAO, Chicago Convention);
7. International Maritime Organization (IMO)
   1. International Convention for Safe Containers (CSC);
   2. Convention Relating to Temporary Admission (Istanbul Convention).
8. Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea (Rotterdam Rules, UN);
9. Convention on the Carriage of Goods by Sea (Hamburg Rules, UN);
10. Convention on the Contract for the International Carriage of Goods by Road (CMR, UN);
11. International Road Transport Union (IRU)
    1. TIR Convention;
    2. Guidelines on Safe Load Securing for Road Transport.
12. International Chamber of Shipping (ICS);
13. Uniform Rules concerning the Contract of International Carriage of Goods by Rail (CIM, CIT);
14. Customs Convention on Containers (CCC, UN) - not a member.

European Trade and Economic Organizations:

1. European Union
   1. European Central Bank;
   2. European Investment Bank (EIB);
   3. European Bank for Reconstruction and Development.
2. Economic Commission for Europe (UNECE);
3. Group of States of the European Council Convention against Corruption (GRECO);
4. Organization for Security and Cooperation in Europe (OSCE).

Global Organizations:

1. Organization for Economic Cooperation and Development (OECD)
   1. OECD anti-corruption measures.
2. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. Commission on International Trade Law (UNCITRAL);
   4. World Intellectual Property Organization (WIPO).
3. Inter-American Development Bank (IDB);
4. World Bank (WB);
5. World Trade Organization (WTO);
6. International Monetary Fund (IMF);
7. Asia-Europe Meeting (ASEM);
8. African Development Bank (AfDB);
9. Asian Development Bank (ADB).

The Kingdom of Denmark.

1. Capital of Denmark: Copenhagen;
2. Official Language: Danish;
3. Area of Denmark: 43,094 square kilometers;
4. Danish Population: 5.6 million people;
5. Type of Government: Unitary parliamentary constitutional monarchy (Queen Margaret);
6. Border of Denmark: Germany.
   1. A road joins Sweden and Denmark.
7. Denmark has two overseas territories: Greenland and Faroe Islands;
8. Abolition of Slavery in Denmark: 1803.

Main Religion in Denmark: Lutheran Protestantism (Christianity).

Denmark belongs to the Western Civilization (European Economic Area).

Economy of Denmark.

1. Denmark is one of the least corrupt countries in the world;
2. The Kingdom of Denmark is one of the richest countries in the world;
3. Danish GDP (nominal): 313,637 million dollars;
   1. Agriculture: 1%;
   2. Industry: 25%;
   3. Services: 74%.
4. GDP per capita: 37,657 dollars;
5. Currency of Denmark: Danish krone;
6. Denmark is self-sufficient in energy;
7. Top Danish Industries are food products, machinery, furniture, clothes, chemical products, electronics products, construction products, wind turbines;
8. Top Danish Companies are A.P. Møller-Mærsk (international transport and energy), Lego, ISS, Vestas, Carlsberg;
9. Denmark joined the European Union in 1973.

Danish Foreign Trade.

1. Main Danish Exports: machinery, foods and instruments;
2. Top Danish Export Markets: Germany (17%), Sweden, the United Kingdom, Norway;
3. Top suppliers of Denmark: Germany (21%), Sweden, the Netherlands, the United Kingdom, China, Norway.

(c) EENI Global Business School (1995-2023)
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