• Oslo

Bilateral relations between Norway and Wallonia

Relations between Wallonia and Norway

 

Trade - Commerce

 

Belgium

Norway has been a long-time partner of the European Union. In 2015, Belgium was the 7 most important exporter of goods within the European Union to Norway. Belgium has a share of 3,4% of the total European Union exportation to Norway. For the same year, Belgium was the 6 most important importer of goods from Norway. Belgium represented a share of 5,9% of the total European Union importation from Norway. In terms of goods, Belgium is mostly exporting chemical products to Norway while the country is mostly importing mineral products from Norway. In terms of service, the export from Belgium to Norway has been rising from 2011 to 2014. In 2014, it was worth 598,6 million euros with a bigger share in transport service.

Source: Agentschap voor Buitenlandse Handel, Handelsbetrekkingen van België met Norwegen,

Wallonia

In 2015, the amount of the Walloon exportation across the globe was 38,8 billion euros.

In 2014, the global value of the Walloon exportation in Norway was 105,69 millions of euros and in 215, it raised up to 116,13 millions of euros.  Through the partnership between the European Union and Norway, our region is exporting various products in multiple sectors in Norway.

 

exportation_no.PNG

Walloon companies in Norway

Here are a few examples of companies with Norwegian branch: FOAMGLAS® Nordic AB (branch of Foamglas Industry, thermal insulation systems for the building envelope), Derbigum-Norge (roofing waterproofing solutions), 3B (fibreglass products), UmicoreZinc Chemicals (galvanising residues), Engie Fabricom (infrastructure, services, industry, energy and Oil & Gas). Many companies are represented by agents or distributors.

 

Investment

 

Ernst & Young ranked Belgium as the fifth most attractive places to invest in Europe. Google, Microsoft, GSK, Baxter, Decathlon and many others have already opted in favour of Wallonia. They have developed their activities there, attracted by the research grants, the geographical position at the heart of Europe and the quality of the logistics infrastructures. AWEX also provides free services and full support to businesses wanting to locate in Wallonia: research into subsidies, business premises, skilled personnel, training, etc.

Here you can find the 10 best reasons why you should invest in Wallonia: http://www.investinwallonia.be/wallonia-and-competitiveness-2/10-good-reasons/?lang=en

In terms of investment in Wallonia, the top countries or regions were the USA, Flanders and France in 2015 while Norway was the fifth biggest investors along with Russia.

 

invest_no.PNG

 

Norwegian companies in Wallonia

Here are a few examples of some Norwegian companies that invested in Wallonia: Yara International (chemical company)