Contact: Craig Smith – Project Director
Tel: +44 (0)1298 79562
The ‘Doing Business in Norway Guide’ is now officially live.
The main objective of this Doing Business in Norway Guide is to provide you with basic knowledge about Norway; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural and language issues. We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point. Further assistance is available from the Department for International Trade (DIT) team in Norway. Full contact details are available in the guide.
To help your business succeed in Norway, we have carefully selected a variety of essential service providers as ‘Market Experts’; DNB Bank ASA, Regus Norway, Relocation AS and SR Group.
The guide has been produced by International Market Advisor, in partnership with the Institute of Export & International Trade, and with support from the Norwegian – British Chamber of Commerce.
Five things to know about exporting to Norway:
• Norway is a wealthy, open and mixed economy which is primarily service and manufacturing-based. English is very widely spoken and the UK holds a strong economic relationship with Norway. The UK currently stands as the fourth-largest source of Norway’s imports.
• As a member of the European Economic Area (EEA) and European Free Trade Association (EFTA), Norway is a commercial gateway. It offers easy access to the growing northern European markets of the Nordics as well as Germany, Poland and the Baltics. Norway is also a regional hub with excellent, high-quality air, rail and road networks.
• Norway possesses extensive reserves of petroleum, natural gas, minerals, lumber, seafood and fresh water, and is the largest producer of oil outside of the Middle East.
• Norway is ranked 6th out of 190 in the World Bank’s 2016 Ease of Doing Business index, and also ranked 6th out of 176 countries in Transparency International’s latest Corruption Perceptions Index. The UK ranked 7th and 10th respectively.
• Doing business in Norway is similar to doing business in the UK and if your product or service is successful in the UK, it is likely you will be successful in Norway.