Doing business in Norway
Norway is one of the UK’s closest neighbours. It can be reached in a 2-hour flight. English is widely spoken, and Norwegians are comfortable with UK culture.
UK is Norway’s largest trading partner. Total trade between the 2 countries was worth £26.3 billion in 2019. Norway supplies 40% of the UK’s energy needs and 48.8% of the UK’s exports to Norway are services (ONS 2020).
Norwegians have high spending power, expect quality and competitively priced products. The market is technologically and digitally advanced and there is a growing interest in responsible consumption and healthy sustainable products. Norwegians are early adopters of technology.
Norway is ranked 9th in the world for ease of doing business (World Bank, 2019). It has a pro-British business environment and Norwegians are keen on British brands and products..
Some of the key market sectors for UK businesses looking to trade with Norway are:
- Food and drink
- Technology
- Security
- Infrastructure
- Energy
What we do ..
- ITSG provide a “country desk” supplying practical on the ground support to regional businesses. We act as a direct link with overseas Embassies/Chambers of Commerce. This eliminates the need for extensive travel whilst providing the service that businesses require.
- ITSG is strategically located to service businesses in North Wales and North West England
- We have serviced Office space on Wrexham Industrial Estate.
- ITSG operates on a country specific basis, focussing on markets that we know and have experience in. We do not offer an international “scatter gun approach”
- We have extensive knowledge of local businesses
- We have access to all sizes of business with multi sector experience and contacts
- All of our specialists have worked within the public and private sector. We co-operate with Welsh Govt, DIT and other government agencies.
Contact: Keith@itsgworld.com (07707 471545) Clive@itsgworld.com (07871 169572)