Doing Business in Finland

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

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

The Subject “Foreign Trade and Business in Finland” 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 + Finlandia Finlande Finlândia.

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

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

Finnish Preferential Access and Free Trade Agreements:

1. Finland and the European Economic Area;
2. European Union
   1. As a member of the European Union, Finland is a beneficiary of the EU Free trade agreements;
   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);
5. Finland is an observer country of the Association of Caribbean States (AEC).

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. 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);
8. International Road Transport Union (IRU)
   1. TIR Convention;
   2. Guidelines on Safe Load Securing for Road Transport.
9. Convention on the Contract for the International Carriage of Goods by Road (CMR, UN);
10. Convention on the Carriage of Goods by Sea (Hamburg Rules, UN);
11. International Convention on the Harmonization of Frontier Controls of Goods (UNECE);
12. Uniform Rules concerning the Contract of International Carriage of Goods by Rail (CIM, CIT);
13. International Chamber of Shipping (ICS);
14. International Chamber of Commerce (ICC).

European Trade and Economic Organizations of Finland

1. European Union
   1. European Investment Bank (EIB);
   2. Group of States of the European Council Convention against Corruption (GRECO);
   3. European Bank for Reconstruction and Development.
2. Economic Commission for Europe (UNECE);
3. 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. World Intellectual Property Organization (WIPO).
3. Inter-American Development Bank (IDB);
4. World Bank (WB);
5. International Monetary Fund (IMF);
6. Asian Development Bank (ADB);
7. African Development Bank (AfDB);
8. Asia-Europe Meeting (ASEM);
9. World Trade Organization (WTO).

The Republic of Finland (Europe).

1. Finnish Capital: Helsinki;
2. Official Language of Finland: Finnish and Swedish;
3. Finnish Area: 338,145 square kilometers;
4. Finnish Population: 5.5 million people (the second country of the European Union in relation to population density);
5. Type of Government: Parliamentary Republic;
6. Borders of Finland: Norway, Sweden and Russia.
   1. Estonia by sea.
7. Finland was part of Sweden until 1809.

Main religion in Finland: Lutheran Protestantism (Christianity).

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

Economy of Finland.

1. The Republic of Finland has one of the highest welfare states in the world;
2. Finland is a highly industrialized economy;
3. The main Finnish economic sectors are wood industry, engineering, telecommunications, metals and metal products, electronics, machinery and scientific instruments, shipbuilding, paper, foods, chemical products, textiles, clothing;
4. Finland has virtually no mineral resources;
5. Finland is one of the less corrupt countries in the world;
6. GDP (nominal) of Finland: 185,485 million dollars;
   1. Agriculture: 2.8%;
   2. Industry: 25.9%;
   3. Services: 71.2%.
7. GDP per capita of Finland: USD 40,601;
8. Currency of Finland: Euro;
9. Finland is a member of the European Union since 1995;
10. Microsoft Mobile acquired the Finnish company Nokia in 2014.

Finnish Foreign Trade.

1. Main Finnish Exports are paper, machinery and electrical equipment;
2. Top Finnish exports destinations are Germany, Sweden and the United Kingdom;
3. Main Finnish imports: consumer goods and raw materials;
4. Top Finnish suppliers: Germany, Sweden and Russia;
5. As a member of the European Union, Finland is beneficiary of the EU Free trade agreements with Korea, Colombia, Mexico, MERCOSUR, Egypt, Jordan, Lebanon, Ukraine, Moldova, Georgia etc.

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