Cross-border trade is growing in strength - Norway is the leader in this regard. It turns out that we are happy to shop near the border with Sweden. Why is this happening? Certainly not without significance are the constantly growing prices of food products, which we wrote about some time ago in one of our publications. Will this trend be increasing or is it only temporary? We encourage you to read the content below.
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Cross-border trade - we are happy to shop at our neighbors
Let's take a closer look at the statistics. In just twelve months, the Norwegians spent CZK 16,6 billion in Sweden. Comparing it to the previous year, this is a huge increase, by as much as 1,5 billion crowns, or 9,6 percent. Experts comment on this situation as follows:
“Swedish traders can only applaud these data. The almost double-digit increase in the value of border trade is a real cause for celebration. Norwegian tax policy has led to us creating jobs and generating profits abroad. We are deeply concerned about the current situation. We are approaching the level of 17 billion crowns in trade spend border. That's more than, for example, the entire Norwegian sports industry. Unfortunately, this is destroying the Norwegian economy.” - commentary for Netavissen Harald Andersen, director of the industry organization Virke Handel, an association of Norwegian employers from the commercial sector.
Border trade - the Norwegian economy is at risk
Border trade is a real "kick in the face of the Norwegian economy". The growth of border trade weakens it greatly - more and more every day. Taxes in Norway on food and beverages are very high. For example, for four and a half liters of Pepsi Max Norway is charged a fee of 30 kroner. That's why many of us shop in Sweden, because here you can get four such bottles of Pepsi Max for up to 29,90 kroner. We have already written about the problem of high prices in the article: Food prices in Norway higher than inflation.
Frontier Trade - Why Is It Growing?Will the barometer help to cope with the problem?
Specialists want to introduce a special barometer that will stabilize the differences in product costs and taxes. It would be a real knowledge base of what and where buyers are buying, would it work? Perhaps such a tool will slow the slightly growing wave of cross-border trade.
