Doing 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 Global Trade;
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 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 Programs taught by EENI Global Business School:

Doctorate: European Business, World Trade.

Masters: International Business, Foreign Trade.

Languages: + 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. EFTA
   1. Norway as a member of the EFTA has Trade Agreements with Jordan, Bosnia and Herzegovina, Canada, Macedonia, India, South Korea, Mexico, Peru, Chile, Singapore, Turkey, Lebanon, Central America, Morocco, Egypt, Tunisia etc.
3. UK-Norway-Iceland FTA;
4. Faroe Islands-Norway FTA;
5. Council of the Baltic Sea States;
6. Regional Cooperation Council.

1. WTO
   1. GATS;
   2. Agreement on the Application of Sanitary Measures;
   3. Agreement on Technical Barriers to Trade;
   4. Agreement on Preshipment Inspection;
   5. Agreement on Safeguards;
   6. Trade Facilitation Agreement.
2. WCO
   1. Kyoto Convention.
3. Convention on the Harmonization of Frontier Controls;
4. COTIF Convention;
5. BIC;
6. Chicago Convention (ICAO);
7. IMO
   1. Istanbul Convention - not a member.
8. Rotterdam Rules;
9. Hamburg Rules;
10. CMR Convention;
11. CIM, CIT Rail Rules;
12. ICS;
13. IRU
    1. TIR Convention;
    2. Guidelines on Safe Load Securing for Road Transport.
14. Customs Convention on Containers - not a member;
15. ICC.

European Economic Organizations:

1. OSCE;
2. UNECE;

Global Organizations:

1. Inter-American Development Bank;
2. UN
   1. UNCTAD;
   2. ITC;
   3. WIPO.
3. WB;
4. WTO;
5. IMF;
6. OECD
   1. OECD anti-corruption measures.
7. Asian Development Bank;
8. African Development Bank.

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 km²;
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 UK (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 UK, Denmark.

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