Doing Business in Estonia

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

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

The Subject “Foreign Trade and Business in Estonia” 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.

Masters and Doctorate in International Business adapted to the Estonian Students.

Learning materials in + Estonia Estonie Estónia.

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

1. North Sea-Baltic Transport Corridor (Finland, Estonia, Latvia, Lithuania, Poland, Germany, Netherlands, Belgium);
2. Access to the:
   1. Trans-Siberian Railway (Russia, Mongolia, China, North Korea);
   2. Pan-European Corridor II;
   3. Pan-European Corridor IX.

Estonian Preferential Access and Free Trade Agreements:

1. Estonia and the European Economic Area;
2. European Union
   1. As a member of the European Union, Estonia is a beneficiary of the EU Free trade agreements ;
   2. European Single Market;
   3. EU Services Directive;
   4. European Digital Single Market;
   5. European Customs Union.
3. Council of the Baltic Sea States (CBSS).

1. World Trade Organization (WTO)
   1. WTO Agreement on Sanitary and Phytosanitary Measures (SPS);
   2. WTO General Agreement on Trade in Services (GATS);
   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. Convention concerning International Carriage by Rail (COTIF);
4. International Bureau of Containers and Intermodal Transport (BIC);
5. International Civil Aviation Organization (ICAO, Chicago Convention);
6. International Maritime Organization (IMO)
   1. International Convention for Safe Containers (CSC);
   2. Convention Relating to Temporary Admission (Istanbul Convention).
7. Customs Convention on Containers (CCC, UN) - not a member;
8. International Convention on the Harmonization of Frontier Controls of Goods (UNECE);
9. Convention on the Contract for the International Carriage of Goods by Road (CMR, UN);
10. International Chamber of Commerce (ICC);
11. Uniform Rules concerning the Contract of International Carriage of Goods by Rail (CIM, CIT);
12. International Road Transport Union (IRU)
    1. TIR Convention;
    2. Guidelines on Safe Load Securing for Road Transport.
13. Organization for Cooperation between Railways (OSJD).

European Trade and Economic Organizations:

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

Global Organizations:

1. Organization for Economic Cooperation and Development (OECD)
   1. OECD anti-corruption measures.
2. Asia-Europe Meeting (ASEM);
3. International Monetary Fund (IMF);
4. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
5. World Bank (WB).

The Republic of Estonia (Europe).

1. Estonian Capital: Tallinn;
2. Official Language of Estonia: Estonian;
3. Estonian Area: 45,228 square kilometers;
4. Estonian population: 1.3 million people (one of the less populated countries in the EU);
5. About 25% of the population of Estonia has a Russian origin, which generates tensions;
6. Type of Government of Estonia: Parliamentary Republic;
7. Borders of Estonia: Latvia and Finland;
8. Independence of Estonia from the Soviet Union: 1991.

Main religion in Estonia: Lutheran Protestantism (Christianity).

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

Economy of Estonia.

1. The Republic of Estonia is the European leader in Internet penetration and mobile telephony;
2. Concept of e-Residency: towards the Digital Nomades;
3. Estonia, Latvia and Lithuania are the so-called Baltic Tigers;
4. Economic recession in 2008;
5. The information technology and the electronic sector are the pillars of the Estonian economy;
6. Estonian GDP (nominal): 21,278 million dollars;
7. GDP per capita of Estonia: USD 17,908;
8. Estonian Currency: Euro (2011);
9. Estonia is a member of the European Union since 2004;
10. The Headquarters of the European Agency for the operational management of large-scale IT systems in the area of freedom, security and justice (eu-LISA) are in Tallinn (Estonia);
11. Virtually all sectors of the Estonian economy have been privatized (except power plants);
12. Top Estonian Industries are engineering, electronics, wood products, textiles, information technology, telecommunications;
13. Top Estonian Companies are Hansapank, Eesti Energia, SEB Eesti Ühispank, Eesti Telekom, Tallinnk Grupp, Olympic Entertainment Group, Tallinnna Sadam, Tele2 Eesti, Sampo Pank, Tallinnna Kaubamaja, Merko Group, BLRT Grupp, Elisa, Tallinnna Vesi, Transgroup Invest, Eesti Raudtee, Kunda Nordic Tsement, Viru Keemia Grupp, Falck Baltics.

Estonian Foreign Trade.

1. 50% of the Estonian Foreign Trade is made with the countries of the European Union;
2. The main Estonian Exports are wood houses, machinery, electronics and textiles;
3. Top Estonian trading partners are Germany, Finland and Sweden.

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