A Remote Destination with a Clean Tech Agenda
With its comparatively remote location, small market size, and language barrier, Norway is a challenging destination for import. In the scope of the tech trade, these complexities are compounded by the region’s high tariffs and complex import regulations.
Tariffs for tech goods can vary depending on the product and the country of origin. Additionally, the government has strict regulations on the import of network equipment, and it requires businesses to obtain a license to import and sell certain types of tech products – as is the case in many other countries.
While Norway is not a member of the European Union (EU), trade with EU member states and the UK can be complicated, especially regarding dual-use goods.
Despite these challenges, Norway remains a promising market for foreign businesses. The country has a strong economy, a highly skilled workforce, and a commitment to free trade. Businesses willing to overcome the challenges can succeed in the Norwegian market.
Norway has several trade and cooperation agreements to facilitate smoother cross-border transactions. The country is a member of The European Free Trade Agreement (EFTA) with Iceland, Liechtenstein and Switzerland, as well as the European Economic Area (EEA).
