The future is bright for Norway-Canada trade

vistaForecast growth rates for services trade and investment between Norway and Canada for 2013-2018 are expected to increase at a much higher rate than trade in goods according to a recent report by Dawson Strategic.  Despite a decline in Canada-Norway two-way trade in goods during the 2008 to 2012 period, services and investment provide opportunities for growth in the relationship.

Dawson Strategic completed a research report for the Royal Norwegian Embassy entitled Norway-Canada Trade: Overview and Opportunities, which was presented at the Norwegian Business Forum on November 21, 2013.  The report examines the current trade and investment flows between the two countries and provides forecasts for the future direction of the relationship.

The report identifies key areas where Canada and Norway can leverage shared policy priorities for commercial opportunities, including: energy, education and research & development, and the Arctic.

For Norwegian companies operating in Canada, the report discusses the concept of the “Norwegian advantage”, referring to the competitive and reputational advantage Norwegian companies have in areas like environmental technologies for use in offshore resource development. A strong convergence of values and culture forms the foundation of the Canada-Norway partnership and key areas of common interest can be leveraged to increase trade, investment, and cooperation.

For more information on this report or other Dawson Strategic publications please contact Jeffrey Phillips, Project Director: jphillips@dawsonstrat.com

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