Trade and Business in Norway, Oslo

The goals of the subject “International Trade and Business in” Norway” are the following:

1. To analyze the Norwegian Economy and Foreign Trade (Import, Export, FDI);
2. To know the business opportunities in the Norwegian Market;
3. To analyze the trade relations of Norway with the country of the student;
4. To know the Norwegian free trade agreements;
5. To develop a business plan for the Norwegian Market.

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

Doctorate (DIB): European Business, World Trade.

Masters (MIB): Business in Europe, International Business, Foreign Trade.

Professional Certificate: Business in the EFTA States.

Learning materials in + Noruega Norvege Noruega.

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

Norwegian Preferential Access and Free Trade Agreements:

1. Norway and the European Economic Area;
2. European Free Trade Association (EFTA)
   1. Norway as a member of the European Free Trade Association (EFTA) has free trade agreements with Jordan, Bosnia and Herzegovina, Canada, Macedonia, India, South Korea, Mexico, Peru, Chile, Singapore, Turkey, Lebanon, Central America, Morocco, Egypt, Tunisia, Southern African Customs Union (SACU), Gulf Cooperation Council, Montenegro, Colombia, Serbia, Ukraine, Albania, Georgia, the Philippines etc.
3. United Kingdom-Norway-Iceland Free Trade Agreement (FTA);
4. Faroe Islands-Norway Free Trade Agreement;
5. Council of the Baltic Sea States (CBSS);
6. Regional Cooperation Council (RCC).

Trade Facilitation Programs.

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 Convention on the Harmonization of Frontier Controls of Goods;
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. Convention Relating to Temporary Admission (Istanbul Convention) - not a member.
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. Uniform Rules concerning the Contract of International Carriage of Goods by Rail (CIM, CIT);
12. International Chamber of Shipping (ICS);
13. International Road Transport Union (IRU)
    1. TIR Convention;
    2. Guidelines on Safe Load Securing for Road Transport.
14. Customs Convention on Containers (CCC, UN) - not a member;
15. International Chamber of Commerce (ICC).

European Trade and Economic Organizations:

1. Organization for Security and Cooperation in Europe (OSCE);
2. Economic Commission for Europe (UNECE);
3. Group of States of the European Council Convention against Corruption (GRECO).

Global Organizations:

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

The Kingdom of Norway

1. Norwegian Capital: Oslo;
2. Official Language of Norway: Norwegian.
   1. Norwegian has two modalities: Nynorsk and Bokmal.
3. Norwegian Area: 323,802 square kilometers;
4. Norwegian Population: 5 million people;
5. Type of Government: Parliamentary Republic;
6. Borders of Norway: Russia, Sweden and Finland.

Religion in Norway: Protestantism (Evangelical Lutheran Church) - Christianity.

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

Norwegian Economy.

1. The Kingdom of Norway is one of the richest countries in the world;
2. Norway is the country with the highest human development index;
3. Norwegian GDP (nominal): 501,582 million dollars;
4. GDP per capita: USD 99,664 (the third of the world);
5. Currency: Norwegian krone;
6. Norway has abundant natural resources (natural gas, hydropower, fisheries and minerals);
7. Other important sectors of the Norwegian economy are agri-food industry, shipbuilding, metallurgy, mining, paper and chemicals;
8. Strong state intervention in certain sectors such as oil;
9. Norway is one of the countries with the highest fiscal pressure in the world.

Norwegian Foreign Trade.

1. The Kingdom of Norway is the world's third largest oil exporter (25% of Norwegian GDP);
2. Norway is the world's second largest fishery products exporter;
3. The main Norwegian Exports are petroleum, machinery and equipment, metals, chemical products, ships, fishing products;
4. Top Norwegian exports destinations: The United Kingdom (22%), Germany, the Netherlands, France, Sweden;
5. The main Norwegian Imports are machinery and equipment, chemical products, metals, food products;
6. The main suppliers of Norway are Sweden, Germany, China, the United Kingdom, Denmark.

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(c) EENI Global Business School (1995-2022)
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