Sweden Trade


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Sweden Trade

  1. 1. SWEDEN TRADE vs India Trade and Business etiquettes<br />
  2. 2. SWEDEN TRADE<br />Shahil, Paritosh, Sparsh , Neerav , Rajnish<br />
  3. 3. Introduction<br />Sweden is located on the Scandinavian Peninsula ,Northern Europe<br />Stockholm is the capital<br />Neighboring Countries Finland, Denmark, Norway ,Iceland , Russia and some CIS Countries<br />A constitutional democracy with parliamentarian form of Govt<br />GDP (PPP) of $338.5 billion , number 4 in the global competitiveness , Number 7 in HDI <br />Population 9.02 mn Third largest country in European Union<br />Part of EU since 1995 but uses currency as Swedish Krona<br />1 SEK= Rs 6.98 (Finance.yahoo.com)<br />
  4. 4.
  5. 5. Culture<br />Highly Democratic People rated number 1 in survey of Democracy by The Economist<br />They are keen listeners and like to listen more than speak<br />Not encouraged to compete due to the egalitarianism in Sweden.<br />They speak 4 languages apart from Swedish Danish , Norwegian, Icelandic and English<br />Religion :- 87% Lutheran (Protestants) and 13% others<br />
  6. 6. Social Ettiquets<br />
  7. 7.
  8. 8. Eating Habits<br />
  9. 9. Gifting Etiquettes<br />
  10. 10.
  11. 11. Receiving Gift<br />
  12. 12. Business Ettiquetes<br />Meeting and Greeting<br />They are very reserved so be formal until they open up<br />Firm handshake and Eye Contact<br />Address your host with Professional titles with surname Dr Fern Mr xxx Mrs YYY they are ok if you call all ladies by Ms<br />
  13. 13. Attire in a meeting<br />
  14. 14.
  15. 15. Negotiation<br />
  16. 16. Trade India - Sweden<br />Total Exports $148 Bn 81681567 MT<br />Total Imports $164 Bn 89858046 MT<br />Total Export to India $1.77 Bn, 309972 MT Freight<br />Total Import from India $673.5 MN 130956 MT Freight<br />
  17. 17. Top 5 exports to India of Sweden in Tones<br /><ul><li> Top 5 Exports to India in terms of USD</li></li></ul><li>Top 5 Imports from India MT<br />Top 5 Imports from India USD<br />
  18. 18. Sweden is majorly dependent on Motor Industry and Weapon in its exports<br />The major raw material used is the Steel and Aluminum in these industries<br />The ore for these metals are bauxite and iron ore which is available in abundance in India also India is exporting these to several countries<br />Sweden imports large amount of bauxite/alumina and Iron ore but not from India ($ 888 Million 2008)<br />No import duty its free trade economy so no hassles in exporting from India<br />
  19. 19. India Bauxite and Iron Ore Reserves<br />India is 3rd largest producer of Bauxite with reserves of 2,650 mn tons it is the cheapest in the world in terms of Cost per ton to acquire alumina ,USP.<br />India is 5th largest producer of Iron ore with reserves of 13,400 Mn tons <br />Export restrictions on aluminum ore and Iron Ore not there <br />