Norway offers entry into untapped market


NORWAY is a critical market that would help South Africa diversify its trade towards the Balkan states and Russia. Presently SA exports 20% of its goods to the EU, 25% of the Asia-Pacific region and 15% within Africa.

SA could benefit from the European Free Trade Association (Efta) agreement signed last year with the Southern African Customs Union (Sacu), which gives Sacu members duty-free access to the Efta countries including Iceland, Liechtenstein, Norway and Switzerland on a range of industrial products, fish and processed agricultural goods. In turn, Norway could benefit from the access that SA, with nine ports, offered to the landlocked states of sub-Saharan Africa. www.directinvestment.biz

http://www.businessday.co.za/articles/Content.aspx?id=88196