Search

The article discusses trade policies and regulations implemented by Sweden as a member of the European Union (EU). Also discussed are Sweden's top exports, such as motor vehicles and military aircraft. Sweden applies the EU customs tariffs on industrial products from non-EU countries and non-members of the European Free-Trade Association (EFTA). Other topics related to foreign trade are covered, such as import restrictions, export tax, insurance and credit.

The article forecasts the economic performance of Sweden for 2011-2016 with regards to its international assumptions and economic growth. It notes that Sweden will be less affected by the European crises due to its competitive and diversified economy, low public debt and strong banking sector. However, slowdown in the euro zone is expected to affect exports and coupled with weak private consumption, will lead to mild recession with 0.1 percent contraction of gross domestic product (GDP) in 2012.