Norway is the fourth largest country in Europe and although not a part of the European Union (EU), it is a member of the European Economic Area (EEA) and does adhere to the same trading code practice as the EU.
Although Norway has a population of just 5 million, it is one of the world’s wealthiest nations, per captia, and its economy has remained stable throughout the economic crisis.
Offshore oil and gas is responsible for about 25% of value creation in Norway, with crude oil, natural gas and electricity account for about 65% of all exports.
As far as exports to Norway go, it is the UK’s 24th largest market – the market worth £3.5billion last year – and most common exports include: chemicals, machinery, medicines, petroleum products, as well as animal and vegetable bi-products.
Whatever your business though, if you export to Norway, or have any business interests out there, a conference call offers an easy and cost effective way to keep in touch, needing nothing more than a landline or mobile phone.