Norwegian businesses operate in a global economy undergoing fundamental changes in terms of the nature of competition and distribution of economic power. The Trade Policy Department helps to create opportunities for Norwegian commerce and industry in foreign markets. The Department is responsible for negotiating free trade agreements through the European Free Trade Association (EFTA), promoting industrial cooperation and investment, and ensuring competitive and predictable schemes for export credit.
The Department consists of four sections:
- Section for Trade Agreements
- Section for Export Credit
- Section for Internationalisation
- Section for EEA
The department consists of the following sections
Director Sveinung Røren
The section for export credits is responsible for the officially supported export credits system in Norway, which constitutes of guarantees provided by the Norwegian Export Credit Guarantee Agency (Garantiinstituttet for eksportkreditt – GIEK) and loans provided by Export Credit Norway (Eksportkreditt Norge AS), as well as some follow-up concerning the remaining portfolio of loans from Eksportfinans (which previously provided export loans before Export Credit Norway). The section also participates in the export credit groups in the OECD and the International Working Group on Export Credits (IWG), which is responsible for the development of international rules on export credits.
The Section is responsible for export promotion and internationalisation, including bilateral economic commissions. The section promotes Norwegian business interests in foreign markets by organising business events during state visits and official visits, and coordinates Norway’s participation in Bureau International des Expositions (world exhibitions)i. In addition, the Section allocates public funds to business projects organised at Norwegian Foreign Service missions. The section is the Ministry’s coordinating unit, responsible for profiling Norwegian industry and commerce abroad in close cooperation with the Ministry of Foreign Affairs and Innovation Norway. The Section for Internationalisation is the Ministry’s point of contact for both industry and commerce. The Section also coordinates the Ministry’s work on promoting corporate social responsibility.