Business in Denmark

The objectives of the subject “International Trade and Business in” Denmark” are the following:

1. To analyze the Danish Economy and Foreign Trade
2. To know the business opportunities in the Danish Market
3. To analyze the Danish trade relations with the country of the student
4. To know the Danish free trade agreements as a member of the EU
5. To develop a business plan for the Danish Market

The Subject “Foreign Trade and Business in Denmark” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: European Business, World Trade.

Masters: International Business, Foreign Trade.

Languages: + Dinamarca Danemark Dinamarca.

1. Credits of the Subject “Doing Business in Denmark”: 1
2. Duration: one week

Transport and Logistics. Access to the:

1. North Sea-Baltic Corridor
2. Pan-European Corridor II

Danish Preferential Access and Trade Agreements:

1. Denmark and the European Economic Area
2. The EU
   1. As a member of the EU, Denmark is a beneficiary of the EU Trade Agreements with Algeria, Ivory Coast, South Africa, South Korea, India, Mexico, Ukraine, Moldova, Georgia etc. besides the Customs Union with Turkey
   2. European Single Market
   3. The EU Services Directive
   4. European Digital Single Market
   5. Economic and Monetary Union
   6. European Customs Union
3. Council of the Baltic Sea States
4. Regional Cooperation Council

1. WTO
   1. GATS
   2. Agreement on the Application of Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. WCO
   1. Kyoto Convention
3. ICC
4. COTIF Convention (Rail)
5. BIC
6. Chicago Convention (ICAO)
7. IMO
   1. Convention for Safe Containers
   2. Istanbul Convention
8. Rotterdam Rules (Sea)
9. Hamburg Rules (Sea)
10. CMR Convention
11. IRU
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
12. ICS
13. CIM & CIT Rules (Rail)
14. Customs Convention on Containers - not a member

1. The EU
   1. ECB
   2. EIB
   3. EBRD
2. UNECE
3. OSCE

1. OECD
2. UN
   1. UNCTAD
   2. WIPO
3. Inter-American Development Bank
4. WB
5. WTO
6. IMF
7. Asia-Europe Meeting
8. African Development Bank
9. Asian Development Bank

The Kingdom of Denmark.

1. Capital of Denmark: Copenhagen
2. Official Language: Danish
3. Area of Denmark: 43,094 km²
4. Danish Population: 5.6 million people
5. Type of Government: Unitary parliamentary constitutional monarchy (Queen Margaret)
6. Border of Denmark: Germany.
   1. A road joins Sweden and Denmark
7. Denmark has two overseas territories: Greenland and Faroe Islands
8. Abolition of Slavery in Denmark: 1803

Main Religion in Denmark: Lutheran Protestantism (Christianity).

Denmark belongs to the European Economic Area.

Economy of Denmark.

1. Denmark is one of the least corrupt countries in the world
2. The Kingdom of Denmark is one of the richest countries in the world
3. Danish GDP (nominal): 313,637 million dollars;
   1. Agriculture: 1%
   2. Industry: 25%
   3. Services: 74%
4. GDP per capita: 37,657 dollars
5. Currency of Denmark: Danish krone
6. Denmark is self-sufficient in energy
7. Top Danish Industries are food products, machinery, furniture, clothes, chemical products, electronics products, construction products, wind turbines
8. Top Danish Companies are A.P. Møller-Mærsk (international transport and energy), Lego, ISS, Vestas, Carlsberg
9. Denmark joined the EU in 1973

Danish Foreign Trade.

1. Main Danish Exports: machinery, foods and instruments
2. Top Danish export markets: Germany (17%), Sweden, the UK, Norway
3. Top suppliers of Denmark: Germany (21%), Sweden, the Netherlands, the UK, China, Norway

(c) EENI Global Business School (1995-2023)
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