Norway’s relationship with the EU is anchored by the European Economic Area (EEA) Agreement, which extends the EU’s internal market to Norway, Iceland, and Liechtenstein. This enables the free flow of goods, services, capital, and people between Norway and EEA countries. The agreement ensures fair competition through shared rules on bidding, state aid, and government procurement, with harmonized standards on packaging, labeling, and product requirements.

Norway ranks 25th in the global ease of doing business index. There are various incentives in Norway, including tax breaks and subsidies for R&D activities in the energy and petroleum sectors.

Norway is surrounded by sea on all sides, allowing for cost-effective transportation through commercial vessels. Consequently, Norway presents thriving trade opportunities.