Norwegian Ambassador Christian Halaas Lyster told reporters during the reception for the visit of Norway State Secretary Andreas Motzfeldt Kravik that trade between Norway and the Philippines is poised for continued growth.
Data from the Norwegian embassy showed that Philippineexports to Norway rose by 23.4 percent to 694.62 million NOK (Norwegian krone) in 2022 from 562.99 million NOK in 2021.
On the other hand, shipments from Norway jumped by 48.8 percent to 920.65 million NOK in 2022 from 618.48 million NOK in 2021.
"I think one good thing is that we have the EFTA (European Free Trade Association) FTA in place.
That makes it easier," Lyster said.
This story is from the April 29, 2024 edition of The Philippine Star.
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This story is from the April 29, 2024 edition of The Philippine Star.
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